background:
1) RSU are not reported as income until the restriction expires. At that point, it is reported as ordinary income (wages) in your W-2.
2) then you are holding the shares (which as you state is a lower number than what you began with because some shares are sold to pay taxes)
3) those remaining shares are not reported until you eventually sell them.
if the $11k is not in box 1, then your are to answer 'no'; all $11k is taxable income to you (and would still be so if in Box 1).
YOU DID RECEIVE THE MONEY IN THE FORM OF THOSE 125 SHARES
That $4,232 'reported to the IRS" - can you go back and look at that - that is probably taxes withheld for federal, state, social security and medicare. It should be reflected in the W-2 under withholdings. it's not 'proceeds'.
So the way I look at what you stated is
1) you received earned income of $11, 547.50 which was 125 shares at $92.38 per share. that is taxable now
2) 45 shares were sold at the same $92.38 or $4157.10 (probably some rounding somewhere) to satisfy a number of taxes and these taxes are already reflected in the withholdings on your W-2.
3) you own 80 shares outright and when you ever decide to sell them, your cost basis is $92.38 per share. Sell for greater than that price and you have a gain; lower than that price and you have a reportedable loss. You already paid the taxes on the $92.38 per share as part of the $11k
make sense?
