DianeW777
Expert Alumni

Get your taxes done using TurboTax

The answers for the US are explained below and any questions for Canada please use the link below:

  1. It's likely you have income on your W-2 for RSUs and it will be reported when you enter your W-2. You will add that amount to your cost basis so that when you later sell the RSUs it will have a higher cost basis. Ask in the Canada forum about the departure tax.
  2. If you are also taxed in Canada on your RSUs received while a resident there, you will use the foreign tax credit or a deduction if you itemize your deductions.
    1. Where do I enter a foreign tax credit (Form 1116) or deduction?
  3. As long as you hold the assets there is nothing more to report. Once you sell them there will be a taxable event.
  4. Please refer to the link above for Canada questions.
  5. TurboTax will do all of the US tax return.  The fee will vary depending on which software you choose.
    1. TurboTax Products (Review Online and Desktop by making your selection) 
      1. For TurboTax Online you will need TurboTax Online Premier
      2. Check the pricing on the same page depending on whether you would like to complete your own, or use TurboTax Assist or TurboTax Full Service.
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