Personal Finance & Money Asked on April 1, 2021
I notice that E-Trade reports on the Form 1099-B that the cost basis for vested RSUs is 0 USD.
Snapshot from the Form 1099-B form, Cost or Other Basis
column for an RSU row:
This is typical for RSU vesting, because you didn't buy the stock through the broker. Fidelity and Vanguard do this too. Just fill out your Form 8949 or Schedule D and adjust the basis to the actual basis. If you're a sell-on-vest person, don't forget that the brokerage probably charged you a commission, making it likely you've got a tiny loss for tax purposes.
Correct answer by Ross Patterson on April 1, 2021
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