- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Should RSUs granted in Israel in 2016 and 2017 prior to relocating to the US, which were sold in 2019, be reported as foreign tax credit and also regular income?
Upon vesting shares were sold in Israel to cover US tax, and upon final sale Israeli income and capital gain taxes were deducted from the proceeds.
Shadow account was connected and according to 1099-b gain was added to income in the income section.
In addition I added the total Israeli sale as income separating into 2, income and capital gain and added the paid tax for foreign tax credit.
Are the dual reporting correct?
Shadow account was connected and according to 1099-b gain was added to income in the income section.
In addition I added the total Israeli sale as income separating into 2, income and capital gain and added the paid tax for foreign tax credit.
Are the dual reporting correct?
Topics:
May 18, 2020
11:57 AM