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.

wingkip77
New Member

My broker sold a portion of my RSU's to cover taxes, but on the 1099-B form it says no federal income taxes were withheld. How do I tell if money went to IRS?

 
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.

2 Replies
vjbk
New Member

My broker sold a portion of my RSU's to cover taxes, but on the 1099-B form it says no federal income taxes were withheld. How do I tell if money went to IRS?

Hi,

I would check your "rsu income” in w2 income statement if you have them. Some companies like mine have arrangements with brokers  that allow them to share that info. 

 

If you are importing this data into turbo tax, it should mostly do the right thing

 

SusanY1
Expert Alumni

My broker sold a portion of my RSU's to cover taxes, but on the 1099-B form it says no federal income taxes were withheld. How do I tell if money went to IRS?

As stated above, typically RSU income has two components - one, including the withholding portion - is reported on your Form W-2.  When you are working in the TurboTax program to report these shares, be sure to note that you are selling company stock and follow the interview for Restricted Stock Units to be sure that the compensation income that you have already been taxed on is added to the basis of the sale so that your capital gain doesn't appear higher than it should be. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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