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Get your taxes done using TurboTax
The answers for the US are explained below and any questions for Canada please use the link below:
- 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.
- 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.
- As long as you hold the assets there is nothing more to report. Once you sell them there will be a taxable event.
- Please refer to the link above for Canada questions.
- TurboTax will do all of the US tax return. The fee will vary depending on which software you choose.
- TurboTax Products (Review Online and Desktop by making your selection)
- For TurboTax Online you will need TurboTax Online Premier
- 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.
- TurboTax Products (Review Online and Desktop by making your selection)
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March 5, 2025
2:08 PM