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Investors & landlords
For RSUs, if the income was reported on your W-2, I recommend you skip the Employer Stock interview section in TurboTax. RSUs are very straight forward. When they vest, the value on the vesting date is considered earned income, just like a cash bonus would be. The value of the RSUs at vesting is included in box 1 of your W-2. As a result, the cost basis of the RSU shares is the amount added to your W-2. The proceeds is the amount from the sale of the RSUs. If all shares were sold the day of vesting, the gain or loss will be zero or a small amount due to intraday price fluctuations. If shares were held, then you will have to calculate the per share cost and apply it to the shares sold.
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‎April 3, 2024
8:34 PM