DianeW777
Expert Alumni

Get your taxes done using TurboTax

Confirm with your employer is they did in fact have an entry in Box 14.  If so, then you may need to update your W-2 since you don't see an entry.

 

If you or the company on your behalf did sell any of your RSUs that were awarded see the details below.

 

Restricted Stock Units (RSUs:

  • The buy and sell will be basically the same dollar amounts due to the sale occurring when you were awarded the shares. (Income reported on your W-2, as well as federal withholding paid for you).  
  • The income reported in you W-2 is the amount that becomes your cost basis (and any money you might have paid as a discounted amount for the shares).
    • Example Scenario: 10 shares sold will have a $100 (assumes $10 per share) cost basis for you and same sales price (amount awarded plus any discount cost to you, if any)  the balance, $200, will be the cost basis of the ones you still hold (assumes a total of 30 shares)

Restricted Stock Units (RSUs) is an award granted and given to high ranking employees.  Rights are restricted until shares are vested.  Vesting occurs after the passage of time or performance criteria are met. Shares are forfeited if the conditions are not met.

@T K 

[Edited: 02/24/2025 | 1:17 PM PST]

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