ThomasM125
Expert Alumni

Get your taxes done using TurboTax

Likely what happened is you took ownership of the restricted stock units, which is a taxable event. The income you earned based on the value of the stocks is reported on your W-2, similar to the way wages are reported, in box 1. Since you received income, taxes must be withheld, so the company sells some of your shares to pay the taxes. They report the taxes in line 2 of your W-2 form. Since you sold shares, the sale is reported on the 1099-B form. So, you should enter that on your tax return as follows:

 

  1. Choose the Federal option on your left menu bar
  2. Choose Wages & Income
  3. Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
  4. Choose Add investments
  5. Choose the Stocks, Bonds, Mutual Funds option and follow the instructions
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