Just to expand on your question:
- Your RSU stock vested on Jan 1st. Based on your facts you will then have $100 of ordinary income reported on your W-2.
- It is very typical that some of the RSU stock is sold to cover the tax on the $100 of income.
- In your case, you sold 30 shares to cover the estimated income tax on the $100
- In general, these events occur on the same day. In your case, there was a few days in between the vesting date and the sale date. As a result, your stock increased by 10 cents a share which makes the selling price $33. Your basis in the shares sold is $30, resulting in a $3 gain.
- Based on your facts, the brokerage statement appears correct.
- You will then report the $33 on your return as withholding (this should be included in your W-2). Keep in mind, this is just an estimate of the tax implication. Whether this covers the entire tax liability depends on more than just this transaction. The real impact is the true tax bracket you are in.
- In conclusion, no double tax based on the current facts.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
