416916
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

zrpo
New Member

I live in GA, but work in TN. I know I will pay GA income tax and TN doesnt have any. It seems that TN taxes stocks while GA doesnt? How will my rsu be taxed when vested?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
TomD8
Level 15

I live in GA, but work in TN. I know I will pay GA income tax and TN doesnt have any. It seems that TN taxes stocks while GA doesnt? How will my rsu be taxed when vested?

If your legal residence was GA for the entire tax year, you are not subject to Tennessee's Hall Income Tax, which is a tax on interest and dividends.  

With RSUs, you are taxed when the shares are delivered, which is almost always at vesting. Your taxable income is the market value of the shares at vesting. It is considered compensation income subject to federal and employment tax (Social Security and Medicare) and any state and local tax. 

Therefore your RSU's will be taxable at vesting at both the federal level and by your home state of GA.  You won't owe any tax to TN.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question