Hello,
I received RSUs from my company. They vested in Oct 2021. There were $32,000 in total RSUs. I sold to cover $7k worth of the RSUs, for about $24.5k left over.
On my earnings payslip, I'm seeing that my total yearly compensation includes not only my salary, but also the $32,000 from the RSUs I received in October 2021, and the RSU earnings have also been included in the Box 1 total on my W2. However, since I "sold to cover," didn't I already pay my owed taxes on the RSUs amounting to the $24,500? Am I being double-taxed since these earnings are being included in Box 1?
Box 1 is $240,000 (this includes my salary + my commission + the $32k of RSUs).
Box 2 shows I paid about $46,000 in federal taxes.
Box 14 (if that matters) shows "US RSU" at $32k.
I am very confused. I feel like since I already sold to cover, that it doesn't make sense (to me) why the RSUs are still being taxed again by being included in Box 1 as taxable income. What am I missing?
Thank you!
