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by sharpy 249 days ago
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.

1 comments

> 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).

Etrade has always reported the correct cost basis for my RSUs. They do report an incorrect basis plus supplement for ESPP shares though.
Reported to you, of reported to the IRS? As in if you just push through without a 8949 does the IRS come after you with a CP-2000 a few years later with a letter assuming 0 cost basis? Or does the IRS already have correct numbers?