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Get your taxes done using TurboTax
All shares sold are reported. Usually, you have to manually change the basis of your stock sold to the amount that was in your W2. Otherwise, you would be paying taxes on the same money twice.
I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s. This will protect you down the road as proof of your basis in your various investments. As you go through life, rollovers, RSU sales, and more will be captured for you.
You will need to make note of how many shares you received and the amount on your W2. You will continue gaining shares. When you sell, you will have different basis prices for different shares.
When you do sell your RSU, you can then decide if you are selling LIFO, FIFO, or lots. Your notebook will be invaluable with knowing what was first, the order, the basis, and the lot size.
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