My situation is pretty much as discussed below, but I'm still confused. My employer reported the gross amount of my RPU's Restricted Performance Units (I'm assuming same as RSU's), on my W2 in box 1. I pulled my vested sheets for 2020 it shows 76.5331 total units lapsed, 24 units withheld for taxes = Net units 52.5331. I have not received a 1099B because like you said shares were withheld and not sold by me. I entered the amount in box 1 (gross RPU) on the W2 as ordinary income.
1. Since I have not sold stock it was withheld is there anything else I need to do besides reporting the amount in box 1 on my W2 as ordinary income?
2. Is there anything else I need to check to show this income is from my employer incentive program (a box or anything).
3. Last year I entered it just as ordinary income and noticed the amount shows up as wages on my Social Security Medicare wage statement (since I retired a couple years ago, I noticed that my SS wage statement is the exact amount of my RPU gross amount from box 1 on the W2 for the past two years). I hope this is not incorrect.
I feel like I'm missing something big. Am I also correct you only risk being double taxed if you actually sell any of the net units and enter the 1099B incorrectly?
Thanks in Advance (Dazed and Confused)
