No. I think you received RSU due to vesting. Once it vests, you own the stock The fair market value of the stock is reported as ordinary income, usually in box 1 of your W2. This is already reported for you, on your W2. This was the easy part, stay tuned.
When you decide to sell the stock down the road:
- you will receive a 1099-B which will report the sale.
- you have to know how much was added into this year's box 1 wages to use as your basis for the sale.
I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s. This will protect you down the road as proof of your basis in your various investments. As you go through life, rollovers, RSU sales, and more will be captured for you.
@kwell1208
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