pk
Level 15
Level 15

Investors & landlords

@pankaj4friends , having read through your posts  ( and even though I don't quite understand why your employer is including vested RSUs   from  prior to your becoming a Resident for tax purposes (  probably in Oct/Nov of 2022-- 183 days  after  your entry  in May 2022, assuming you had no prior stay in the US during two prior years). Leaving that aside , what you are saying is that  your W-2 for 2023 includes  RSU vested  amounts as income i.e. the total allocation at  FMV for 2023 ( yes ? ).  While it does not make a whole bunch of sense to me but I suppose it is what it is.

When  you enter your W-2 for the whole amount ( i.e. your salary plus bonus for 2022 plus  RSU three year total ), US will tax you for the total amount.  You need to file a form 1116  ( TurboTax under "Deductions and Credits "; "i will choose what I work on " ;  choose  " foreign tax credit"; and after a few follow on screens , enter your foreign income  i.e. total amount of  RSU income ( because  your employer added all this to your W-2 as income ) -- this is the sum of all that has been taxed by India;  the  enter the taxed paid during the last three years . And go on from there .  Personally  I think , this is all wrong  ( assuming that your articulation  represents the facts and circumstances )  and  can be construed as  non-factual.   Because of this I would suggest consultation with a tax professional familiar with international taxation.   

That is my view

 

Is there more I can do for you ?

 

pk