Yes, you do have to go through the investment module for this sale even though the income and taxes have already been reported on your W-2. TurboTax will adjust the basis for these shares when they were vested. Your sale to cover taxes should have little to no gain since they were sold right away, but since you held on to the others for a few days, there may be an associated short-term capital gain or loss. To report these in TurboTax Online:
- In the Federal > Income & Expenses > Investment Income section of your return, click Start/Revisit next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
- Answer Yes and then select stocks. Import or enter your transactions manually.
- For the RSU transactions, make sure to select Yes to Do these sales include any employee stock?
- Enter the transactions as they appear on the 1099-B with RSU selected as the type of investment.
- If the basis reported on the 1099-B is not correct, you will be able to adjust it to match the supplemental information provided.
For more information on RSUs and how to report them, please see this TurboTax article.
