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Get your taxes done using TurboTax
Yes, generally your company would have calculated income taxes on the amount in your W-2, Box 1 so a portion of your W2, Box 2 Federal Income Tax withheld should include the income taxes on your RSU's. However, how much was withheld depends on your W-4 form.
Note: Since the gain on that stock sale was included as income on your W-2, to avoid double taxation:
- You will need to change the stock basis on the date of the sale, to the price on the date of sale.
- The result is zero gain or a minor loss due to brokers commission/fees.
- The IRS will expect to see that information on your tax return.
To enter your 1099-B form, see Where do I enter a 1099-B?
For additional information, see the TurboTax article: Non-Qualified Stock Options.
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March 29, 2022
5:07 AM