It's my understanding this should be in Box 14 of my W2, but said box is empty.
Only "Box 12c V" is populated with the total value of my shares at vest (no taxes taken out) even though taxes were in fact taken out on the vest date in July 2023 & were documented in a "Release Confirm" doc provided by the custodian that held the RSUs / then later shares once they vested.
I can also see Box 1 of my W2 an amount that exceeds my salary with 401k income taken out, leading me to believe some portion of the vested share value was added to it as taxable income.
Thus, if the value of the shares taken out as taxes are not in Box 14 then where would this be listed on my W2?
Should I manually enter it based on the "Release Confirm" doc that contains it from the Brokerage Firm / Custodian of them?
Some background:
- I received company RSUs in July 2022, which vested in July 2023.
- On the vest date in July 2023, taxes were automatically taken out in the form of shares.
- Ex. They deducted around 35% of my shares as taxes e.g. 100 shares on vest date - 35 taken out for taxes leaves me with 65 shares.
- I received a "Release Confirm" doc from the Brokerage Firm / Custodian breaking down the total vest share value, cost basis, value of share taxes taken out, left over shares & their value, etc.
- In August 2023 I sold all shares & received a 1099-B in 2024, which I've entered into TurboTax as a sale of Restricted Stock Units.
Thank you.
