As someone whose employer uses a broker that doesn't do cost basis correctly for RSUs, I was very surprised TurboTax was able to import the supplement and adjust it correctly for me.
Even without RSUs, I usually have hundreds of transactions across multiple brokers.
> whose employer uses a broker that doesn't do cost basis correctly for RSUs, I was very surprised TurboTax was able to import the supplement and adjust it correctly for me.
Approximately zero brokers do this, because RSU are still noncovered shares.
> Even without RSUs, I usually have hundreds of transactions across multiple brokers.
As a corollary, "hundreds of transactions" of covered shares collapsed into one summary line.
RSU is a pain though to enter. Technically you can enter a summary line and send in a 1099 to the IRS (last year was the first year that could be done electronically, so, fingers crossed it actually works correctly).
dmoy|4 months ago
Approximately zero brokers do this, because RSU are still noncovered shares.
> Even without RSUs, I usually have hundreds of transactions across multiple brokers.
As a corollary, "hundreds of transactions" of covered shares collapsed into one summary line.
RSU is a pain though to enter. Technically you can enter a summary line and send in a 1099 to the IRS (last year was the first year that could be done electronically, so, fingers crossed it actually works correctly).
plorkyeran|4 months ago