Solved: I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?
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New Member

I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?

I have already filed 2017 returns so do I need to amend it as I did use W-2 and did not use 1099. I was in impression that since RSU net amount is included on W-2 so I don't need anything else to report.

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Level 2

I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?

Here is how the IRS works.  They are going to get a copy of the 1099-B.  Generally, the IRS looks at the gross income and generates a CP2000 (income matching letter), billing you for taxes on the gross amount as a short-term sale.  This is a computer-generated letter (that's what CP means).  It will come, but it could take months or years.

You can amend the return now, or wait until you get the letter and respond to it then.  I would wait until after the tax season rush is over, to see if there are any other changes needing to be made, and then send the amendment.

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3 Replies
Level 2

I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?

Did you receive a 1099-B?  Did you sell the remaining shares, or are you still holding them?
New Member

I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?

Yes, I did receive 1099. No, I have not sold any of shares.
Level 2

I got RSU vested in 2017. Some stocks were sold by broker to cover taxes as I chose Sell to Cover. My W-2 reflect the net value. Do I need to file 8949 form?

Here is how the IRS works.  They are going to get a copy of the 1099-B.  Generally, the IRS looks at the gross income and generates a CP2000 (income matching letter), billing you for taxes on the gross amount as a short-term sale.  This is a computer-generated letter (that's what CP means).  It will come, but it could take months or years.

You can amend the return now, or wait until you get the letter and respond to it then.  I would wait until after the tax season rush is over, to see if there are any other changes needing to be made, and then send the amendment.

View solution in original post

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