pk
Level 15
Level 15

Investors & landlords

@pankaj4friends , I have read through your response and the referred article/response from @AmyC .  And also  noted corrective actions  ( such as entering a negative  "other"  income.  My problem all of these steps to make the software/ return  come into compliance  with  the facts as you see it, creates a "perjury" -- you are claiming a negative  income when there actually was none.  It all stems from the  W-2  being stretched  to cover  incomes .   If it were a US entity giving you RSU, they will generally  (a) show the full RSU grant at FMV on the first year and therefore  you pay the taxes on granted amount --- you still own these  just there is a restriction on selling / disposing of these .  Then each year as the units vest you recognize the gain/loss on the vested unis .  This goes on for three years till all are vested.   Some choose not to recognize  the vesting till all are vested and then recognize the gain/loss.

Next point I would like to make here is when you chose to transfer to US  ( intra entity transfer ), surely these  tax implications  of the RSUs were discussed  ( or should have been) -- thus you have to chalk this to part of the cost of moving abroad.

I personally , during my work years, were assigned to foreign service/ countries many time and there were things that created issues  but I took these as part of  moving abroad.

 

What I want to ;leave you with -- (a) you have answers from multiple experts ( whether employed by Turbo or former tax-professionals volunteering for Turbo and outside tax professional )  generally giving you the same or similar advice;  and (b) if your employer chooses  to policy wise  include the income in  your W-2, unless  you want to rise in  "audit likely" score,  please follow the rules and avoid perjury.

 

Is there more  one of us can do for you ?

 

pk