Company issued stock

[dgchaput2]

company issued stock to employees (we cannot touch it-with Morgan Stanley). Company paid the Federal, Fica and fees on our behalf! on W2 listed the FULL value of stock in BOX 14 other RStock

1. only full value of stock is listed in box 14, on end of income summary got credit as Post Tax deduction as Stock Reporting- so get credit for taxes paid

2. what is entered into TurboTax and where?

3. on my income end of year statmnt:  full  stock value minus post tax deduction = taxes , FICA, fees paid is

 what is added to my income!

[TomYoung · Accepted solution]

"(we cannot touch it-with Morgan Stanley)."

That's absolutely not the case.  The reason the full value of the award is included on your W-2 is because you were awarded all that stock and you own it.  You could sell it today if you wished to.

"Company paid the Federal, Fica and fees on our behalf!"

Well, probably not.  Since the stock is considered compensation there must be some tax withholding, just like a regular paycheck.  In most cases the cash needed "for taxes" comes from selling some of the shares you received.  Look at the brokerage account.  If it has less shares than the original award, that's what happened here.

" what is entered into TurboTax and where?"

If you didn't receive a 1099-B for any stock sale, not even the sale of stock for taxes, then all you need enter is your W-2 as that has the compensation and withholding associated with the award.

Tom Young