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Investors & landlords
PSUs are simply RSUs with a slightly different vesting trigger. Instead of the simple passage of time associated with RSUs - stay with the company until the vesting date - PSUs depend on staying with the company until some goal or event is achieved.
But there's no "income tax return reporting requirement" to use the guided RSU (PSU) interview when reporting the sale except in two instances:
- The compensation associated with vesting wasn't included in your W-2 (extremely unlikely)
- You have absolutely no clue as to the basis to use for the sale (and you should know that)
So simply use the regular "stock sale" interview and enter the 1099-B as it reads - wrong basis and all - and then correct the basis using the mechanism provided by TurboTax.
March 14, 2020
6:13 AM