- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does W2 Box 1 include RSU income though shares were already withheld?
When my RSU shares vested, I received lesser shares from my employer as the remaining were held back to cover for taxes.
But I see my W2 income box 1 seems to be much higher than my base salary.
- Please confirm if the RSU shares*value on vesting date are also included in my W2 box 1 though the shares to cover taxes were already withheld.
- Please help me understand if Box 14 Other :RSU has the amount as above or if that is different.
For example :
- If I was granted 100 RSUs in Jan 2023. Market price = $200
- Those 100 RSUs vested in June 2024. Market price = $400.
- My employer gave me only 80 RSUs in June 2024 as the remaining 20 were withheld for taxes.
- I sold the 80 RSUs in June 2024 right away.
Questions:
- So does my 2024 W2 box 1 include (80*400) or something else?
- Would my 2024 W2 Box 14 RSU also include (80*400) or how is this different?
Thank you!
March 25, 2025
9:14 AM