For my RSU's portfolio I have opted for "Withhold Shares" such that my company sells options to withhold taxes before releasing the RSU's . ALSO I DID NOT SELL ANY OF MY VESTED SHARES in 2021
In my W2 I see that my vested RSU income has been added. But, I also got 1099-B with Cost Basis = 0.0.
Now in TT if I enter 1099-B, my Federal Tax due shoots to $4000. And, I think this is incorrect. As my vested RSU are already part of my wages. I should not be taxed twice. How do I fix form 8949/1099-B ?
Here is how my 1099-B looks
Proceeds : 20,700.57
Cost Basis : 0.0
Gain/Loss : 20,700.57
