Investors & landlords

Based on the facts, it appears you will have two separate transaction to enter into TT:

  • Let's say the 29 shares FMV at vesting were $500 per share
  • Your W-2 would include this value; $14,500 ordinary income.
  • Your sold 11 shares to cover the tax
  • The basis of the 11 shares sold is $5,500 (11x500).  So technically you should not have any gain or loss on the sale of the 11 shares.  An exception to this is if the broker charged you a fee for the transaction.  In this case you may have a small capital loss.
  • You then sold the remaining 18 shares with a cost basis of $9,000
  • Once again, depending on the FMV at the date of the later sale, you will have another capital gain or loss

It is still early for any importing, so at some point I would imagine importing will be available.  What the Fidelity statement most likely will not include is the cost basis which you will have to add to TT.

*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.