- On Jan 1, I had
- 100 RSUs vest with a cost basis of $1 each
- 70 RSUs were deposited in my account and are never sold
- 30 were held by the broker to cover taxes
- On Jan 5
- The stock value increased from $1 to $1.10 and the broker sold the 30 RSUs at $33 to cover taxes. This $33 dollars went straight to the government
- During tax season
- Broker sends 1099-B that reports a short term taxable gain of $3 for the 30 RSUs they sold to cover taxes
Question: If the government already collected $30 basis + $3 gain on Jan 5, why am I being taxed on the $3 gain that was already sent to the government? Am I missing something?
