Wash sale

Forum|Forum|1 year ago
December 10, 2024
1 reply
0 views

My company granted me RSUs on October 1,2024 and I sold company stock (at a loss) on October 2, 2024 (from RSUs granted 3 years ago on October 2021). Is this a wash sale? How do I book the capital losses generated from my sale of stock?

TurboTax Premier Online

TomD8

Employee

It's not a wash sale because a grant of RSU's does not constitute a purchase of the stock. You do not actually own the stock until the RSU vests.

To "book" the losses, you simply enter into TurboTax the 1099-G that you will receive for the stock sale.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

kcmathewAuthor

Thanks Tom!

Now that you explain it I checked and the RSUs vested on Oct 1 and I sold stock (from RSU Vesting 3 years ago) on Oct 2. Then that is a wash sale right? What are my options to book capital losses?

TomD8

Employee

Since you sold the stock at a loss and then bought it back within 30 days of the sale, it is a wash sale. If the same brokerage account was involved in both transactions, the wash sale will be reported in Box 1g of your 1099-B.

https://www.irs.gov/pub/irs-pdf/f1099b.pdf

**Answers are correct to the best of my ability but do not constitute tax or legal advice.