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posted Jun 6, 2019 5:28:06 AM

I have a questi regarding Form 8949, Noncovered Short-Term Gains or Losses, from 2016 sales of Restricted Stock Awards plan offered by my company, via e-Trade Financial.

Example as follows:  Received an employer sponsored Restricted Stock Unit award on 06-01-15 for 106 shares.  41 shares were traded for taxes, remaining 65 were awarded to me.  Then reported on a 1099-B for 2016, those 65 shares acquired on 06/01/15 and were sold on 05/25/2016, with net proceeds of $4,075.84.  Since the 41 shares we already traded for taxes (~40%) at the time of grant, what is now owed on the $4,075.84?  Is that 100% taxable as 2016 income?  Short term capital gains?

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1 Best answer
Expert Alumni
Jun 6, 2019 5:28:08 AM

Your basis in the 65 shares that were sold in 2016 is value of the shares at the time of the award (06/01/15).  This is the per share amount you were taxed on in 2015.  Your short term gain will be the $4075.84 less the value of the 61 shares on 06/01/15. 

1 Replies
Expert Alumni
Jun 6, 2019 5:28:08 AM

Your basis in the 65 shares that were sold in 2016 is value of the shares at the time of the award (06/01/15).  This is the per share amount you were taxed on in 2015.  Your short term gain will be the $4075.84 less the value of the 61 shares on 06/01/15.