Hi y’all, question about RSU and 1099-B and W-2. I’ve rounded numbers for simplicity.
here’s the situation:
14 RSUs in December 12,2022 vested
6.3587 sold at $100 as “sell to cover”, with cost basis of $100
30 RSUs in September 2022 vested
13 sold at $90 as “sell to cover”
with cost basis of $90
i don’t think we did these sales, I think the employer did them.
In our 1099, we reported the 6.3587 and 13 sold, with their respective cost basis. This I believe should also be on our W-2. (It was on the paystubs, for Jan 2023 and October 2022).
When we had originally done the manual calculation with TurboTax for cost basis (since we had no cost basis), we put:
14 RSUs vested, 6.3587 sold, at $100
30 RSUs vested, 13 sold, at $90
They said our total W-2 disposition was $4000 (which I think comes from 14*100+30*90).
But on our W-2, onlt the ones sold for tax are reported ( 6.3587 and 13).
So now, I’m worried when we bypassed the TurboTax calculation and just put the cost basis for the sold shares, we under-reported the amount.
Do we need to make an additional transaction for the RSUs that were vested but not sold to cover? This feels like double taxation. Because if we put these (14-6 = 8 ) and (30-13 = 17) extra 8 and 17 shares as more income; we will get taxed again on them.
And didn’t we already get taxed on the original RSUs, with the shares that we sold as sell to cover?
