Hello,
I used to live in NY and I received RSUs that were vesting for 4 years. 2024 was the last year they vested.
Even though I live and work in NJ since 2021, I still get two W2s: 1 for NJ and 1 for NY. I assume the one for NY with the small amount of taxes paid (Box 17: $463) is due to RSUs. However, State Wages (Box 16) contains the amount, which is about the same as my whole salary. A similar amount is on NJ W2.
Now 2 questions:
1) I assume my employer (Bank of America) incorrectly specify the amount in NY W2 and the amount should be equal to the price of the vested shares. Am I correct? If yes, how do I know the correct amount to specify in my tax return?
2) How do I make sure that these RSU taxes ($463 paid to NY) are not double taxed in NJ?
