- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
RSU sale - ordinary income reported and compenstation income
I sold some RSU's this year and inputted all the data into turbotax, and I am concerned that I may not have done things correctly. First, I wasn't sure what I should have inputted for the compensation income. I have held the RSU's long enough to qualify as long term transactions, but should I still enter in some amount as compensated income? And if so, how do I know how much of it I need to add - all or only part? Secondly, I have listed on my 1099B not only the proceeds and adjusted cost bases, but also the ordinary income. I am assuming that the amount in this column mean that I have already been taxed by this amount and it is listed on my W-2. Is this correct? If so, I need to somehow input that into the program so I don't get taxed on it again; could you please tell me how I can enter in this information?