yyu8550
New Member

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.