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Cash & Stock Settled RSUs for company acquisition
Hi,
My company got acquired in 2020, and the vested RSUs that I had got converted to a combination of stock and cash per terms of the merger. In 2020 tax return, I paid the ordinary income taxes on settled total, as they were all reported on my 2020 W-2.
I sold the stock in 2021, with capital gains. The form 1099-B from the broker correctly reports the cost basis for the stock (the price at the closing date), but there is nothing in it that reflects that these were RSUs. I am trying to figure out how to enter this transaction into Turbotax but the questions that are being asked by Turbotax regarding RSUs don't seem to consider my situation. I would much appreciate any help.
Thanks!
Thanks!
‎April 8, 2022
2:39 PM