RobertG
Expert Alumni

Investors & landlords

Did you receive a 1099?

 

If the only sales were share to cover, and you did not sell any of the shares received, you should not have to report it.

 

RSUs are taxed when they vest. Income is reported on the W-2 and shares are withheld to cover tax on the shares. Nothing else is reported on the tax return until the shares are sold.

 

A 1099-B is issued when the shares are sold. The basis of the shares is the market rate of the shares at the time of vesting that was reported as income on the W-2. When the sale is reported there will be a capital gain or loss.

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