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Get your taxes done using TurboTax
The basis is on my 1099-B and is accurate; they were entered as described.
However, when RSU shares vest they are treated as ordinary income. The value on the vesting day has been added into my W-2 wages. Some shares are sold in order to pay tax (also on W-2 in Fed Inc Tax WH). Then there is capital gain/loss at the time of actual sale.
So, it looks like the value of the shares are in my W-2 wages but also being counted again due to the 1099-B calculations. Basically, Schedule D looks correct (minor loss), but Schedule D AMT is showing a Net Capital Gain equal to the total sales price of shares. This is triggering additional tax even though the income is already shown in my W2.
‎February 22, 2022
6:17 AM