Question

Turbo tax error when entering sale of stock that split

Forum|Forum|6 years ago
February 26, 2020
1 reply
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I keep getting an error under single purchase associated with the purchase price of a stock bought through ESOP. The error is on the price per share and number of shares purchased. I purchased 224 shares at $15.30 for a price of $3427.20. The stock split so I sold 448 shares.

D

DavidD66

You will have to adjust the shares purchased and the share price. Instead of 224 shares at $15.30 for $3,427, indicate you purchased $448 shares at $7.65 per share.

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J

john_david_b

I found a similar error when entering an RSU sale.

The RSU (AAPL) was acquired pre-split, and was sold post-split (4 for 1).

The solution to this particular TurboTax bug is to adjust the "Market Price on Vesting Date" field to be 1/4 of the actual price (i.e., split adjust the market price by dividing it by the split amount).