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Investors & landlords
My case is :
I have 1000 RSU vested at a time when the stock sells for $20 per share, $20,000 in total. And 200 share were withheld for tax, $4000 in total. I didn't sell the remaining 800 shares.
I input it in turbotax as below.
Data Sold : 06/30/2020
Number of Shares Sold : 1000
Total shares vested/released : 1000
Shares withheld (Traded) to pay taxes : 200
Date vested/released : 06/30/2020
Market price on vesting date : 20
Price you paid per share : 0
Purchase commissions or fees paid : 0
Then I answer "No" for the question "Is it on W-2".
This way, Turbotax treats the $4000 as the "Gain" in the summary page, and it does result in more tax.
As my understanding, I didn't sell them in 2020, so there is no long-term gain/loss.
And obviously, the $4000 is the cost/tax paid for the vested RSU, not the gain.
Please suggest what I missed.