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I’m not a tax expert. but if I’m understanding the directions on Schedule D and form 8949 correctly, if everything on your 1099-B was reported to the IRS (box A
by MarkSweep 5y ago
I’m not a tax expert. but if I’m understanding the directions on Schedule D and form 8949 correctly, if everything on your 1099-B was reported to the IRS (box A or D checked) and you don’t need to make any adjustment to basis, you can just put the grand total on Schedule D, without reporting each transaction on Form 8949.
Turbo Tax seems to take this approach, at least when I filed last year.
- dmoy 5y agoRSU are non-covered shares, so you can't just fill out the total on schedule D (box a or d won't be checked) You can do the above and also send the IRS a copy of your 1099-B too, along with your 1040. I don't know if you can do that and e-file.
- dmoy 5y agoIt's worth noting that this also only works if your 1099-B from the RSU broker are correct. In the past decade, that's about a 50-50 shot for me.
- Arainach 5y agoI've never worked for a company where the cost basis for RSUs manages to be reported accurately. I've had to correct them every single time. This isn't a small company problem either - both Google and Microsoft had this issue (though only on ESPP shares at MS)