If you did not sell any of your vested RSUs in 2021, then you have nothing to report on your tax return. You are correct in that your employer will include the value of your vested RSUs on your W-2 and also sell some of those shares to cover the tax withholding obligations.
Thus, if you did not sell any RSUs in 2021, why does your Form 1099-B reflect proceeds of $20,700.57? Can you identify what shares were sold that resulted in the sales proceeds?
You are correct in that if you enter the transaction at issue with a zero cost basis, your tax liability will increase substantially. Your cost basis is very likely not zero. Therefore, if this sale is an RSU sale, you need to adjust the cost basis. The cost basis will be the price of the stock on the day the RSUs vested.
@zaradone
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