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Investors & landlords
Hi @TomYoung - Thanks for the quick response! I took another look at my W-2, 1099-B, and brokerage transaction history. I confirmed that my W-2 only reports a single amount for RSU in box 14. My 1099-B reports a cost basis for each transaction, but I wanted to be sure that this is the 'correct cost basis'. To verify this, I checked my brokerage transaction history and found the transactions in question. For each transaction, the brokerage reported a 'Fair Market Value (FMV) Per Share'. When I multiply this FMV by the number of shares sold to cover the tax, it matches the cost basis that was reported on the 1099-B. To be sure that this FMV is the same as the 'per share basis' that you mentioned, I multiplied the FMV by the total number of shares released for each vesting and summed across all of the RSU vests in 2016. This amount matched the RSU lump-sum compensation amount reported on my W-2. So it looks like the 1099-B was reporting the correct cost basis after all. It's curious that TurboTax didn't bring in this number for some reason when I imported the 1099-B.
FYI...I found that the closing price on the vesting date was significantly different from the FMV used to calculate the cost basis and compensation.
FYI...I found that the closing price on the vesting date was significantly different from the FMV used to calculate the cost basis and compensation.
‎June 4, 2019
1:57 PM