Questions about how to report sale of RSUs to cover taxes and RSTK amount in box 11 of W-2.
For background:
* My employer gave me 500 RSU shares in 2015; 125 shares vest every year.
* 125 RSUs vested in 2018. E-trade sold 45 shares to cover taxes, reporting proceeds of $4232.45 to the IRS. I have not made any sales myself, it's only e-trade's automatic sell to cover taxes function. I did not receive any money directly from this sale.
* My employer listed $11547.50 on the W-2 in Box 11 as "RSTK". I did not receive any money directly.
The question:
In Turbo Tax, I filled out the Employee Stock Plan worksheets. At the end, it asks "On your Form W-2 (or pay stubs) from [employer], check that the following employee stock pan amounts were included in box 1 wages. " The computed amount = $11756.25
That $11k amount is on my W-2, but it's not in box 1 and I never received any cash. Do I check YES to this question?
If I check NO, the estimated refund goes from $1900 to me owing $600.
Am I right in thinking I should check YES to this question so that I'm not being taxed on money I have never actually received and I only need to pay tax when I actually sell those vested shares?
