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I received an rsu from my employer that vested. I chose the option of having them withold some shares to cover taxes but my 1099-B doen't show this. What do I do?

I'm trying tounderstand how to put my information from my RSU that I sold on my tax return without it trying to tax additional money.  The option I chose when my RSU vested was to have sell the shares and have some taken out in order to cover the taxes.  When I look at the 1099-B it shows the full amount that had vested, but mentions nothing of what was taken out to cover taxes.  Everytime I enter the information in as provided, my tax return massively drops because it claims I never paid any federal tax with it, which isn't true, it's just that my company took out the amount to cover the taxes.

I noticed the RSU shows up on my W2.  Do I still need to fill out the 1099-B since my work is having it show on my W2 and since they took out the money to cover the taxes?
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2 Replies

I received an rsu from my employer that vested. I chose the option of having them withold some shares to cover taxes but my 1099-B doen't show this. What do I do?

Did you get the 1099-b from the broker yet ?   When you do they will not have the correct cost basis which you will need to enter.  In these "cashless" transactions the sale on the broker statement should show a loss in the amount of the broker's fee for the sale.  

I received an rsu from my employer that vested. I chose the option of having them withold some shares to cover taxes but my 1099-B doen't show this. What do I do?

I printed it off from the website this morning and this is what it showed me.  I just am convused on why it claims that tax wasn't paid when the statement for quarter 4 last year gave me a break down of how much taxes was paid when my employer withheld the number of shares needed for taxes when it vested. 

 

Thank you for the help.  This is my first time trying to file taxes with something like this and it's been pretty confusing for me and trying to make sure I don't pay something I have already paid.

 

1099-B.jpg

 

 

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