Comment by andrewf
3 months ago
Morgan Stanley at Work seems to track wash sales. Last year I had two vests in May, one week apart. I'd instructed the brokerage to sell some of those shares on vest. On the first date, I experienced a capital loss (less than $20), due to price movement between the RSU vesting and the broker selling the resulting stock. This was reported on the 1099B as a disallowed wash sale due to my acquisition of more stock with the second vest a week later.
Huh, very interesting. I wonder why Schwab doesn't do that.
I'm just happy that, after years of not doing so, MS started correctly reporting the cost basis of vested RSUs on the 1099. (It should be the same as the amount reported as W-2 income).
I definitely feel the RSU grantors are the customer here, not recipients like you or I.