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Why my refund went down a lot after entering my RSU details ?
I imported my W-2 into Turbotax premier software. and I see a refund of 5000 (federal), and 4000 (state). But as soon as I enter my Investment Income (from ETrade) my refund went down dramatically to 2000 (Federal), 2000 (State). (I changed the numbers for readiability).
My situation is last year my company vested RSU's. Before vesting they sold stocks for tax purposes (~40%. which means I paid tax right ?), and I DIDN'T sell any of my RSU's.
But when I enter this information why my refund went down so much ? I thought I will get more as soon as enter this information.
I'm filing as Married and Filing jointly
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‎June 3, 2019
12:47 PM