Only the portion of RSU sold for taxes are listed on my W-2.
note: these numbers are not exact
I received $4000 worth of RSU this year, and about $1700 was sold to cover tax. I got a 1099-B with the proceeds adding up close to 1700.
so, when I fill out the 1099-B in TurboTax with the cost basis we found on the brokerage page website, everything goes through fine ($1700 proceeds, about $1700 cost basis, so net gain/loss is almost 0).
when I say we can’t find our cost basis, and ask TurboTax to calculate for us, it comes up with the $4000 and asks if this was reported on our W-2. I said yes, even though I don’t think they are on the W-2. Im stressed that this was a lie.
now I’m feeling guilt/regret: I don’t want to commit tax fraud here. When we finally did the 1099-B, rather than having TurboTax run the manual calculation, we just put in the cost basis we had found in the brokerage firm (about $1700) for $1700 of proceeds. They then didn’t ask any questions about whether the $4000 was reported on the W-2.
I’m pretty sure the $4000 is not on the W-2. The tax return has already been submitted, and I’m feeling pretty stressed I committed tax fraud. Please advise.
