Can TurboTax grouping multiple RSU sales into fewer entries cause an IRS problem even if the totals still match my 1099-B?
Can TurboTax grouping multiple RSU sales into fewer entries cause an IRS problem even if the totals still match my 1099-B?
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Franck Dernoncourt · External communityPost link
External question — Personal Finance Stack Exchange
Author: Franck Dernoncourt
Original post: https://money.stackexchange.com/questions/169470
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I’m filing US taxes in TurboTax and imported stock sales from my broker.
Some of my sales were from RSUs. After import, TurboTax appears to have grouped several RSU sales together instead of listing each broker-reported sale separately. I’m trying to understand whether that is just a presentation/detail issue inside TurboTax, or whether it can create a real IRS reporting problem. Can TurboTax grouping multiple RSU sales into fewer entries cause an IRS problem even if the totals still match my 1099-B?
The grouping properly conserved the adjusted cost basis, whether it is a wash sale, the stock type (ESPP/RSU/regular), and was done only on the same stock. So from what I can see, the grouping doesn't lose any information aside from the grouping itself.
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littleadv · External communityPost link
External answer — Personal Finance Stack Exchange
Author: littleadv
Original post: https://money.stackexchange.com/a/169471
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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The answer needs to be long enough to be posted, but it's really just
NO
.
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: littleadv Source score (net votes, not local likes): 2 Original post: https://money.stackexchange.com/a/169471 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. The answer needs to be long enough to be posted, but it's really just NO .
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