Hello All,
I received a 1099-B for one restricted stock unit from an employer that was vested and simultaneously sold. This was identified as "short-term realized gain for which basis is not reported to IRS." When I enter into TurboTax, I eventually I arrive at the page/prompt titled, "Let's get some purchase info about this RSU sale" and am asked to report, "Shares withheld (traded) to pay taxes." I tried leaving this blank but Turbo will not allow me to file my taxes without it having a value under the final review process. I tried putting 0 since my 1099-B said 0 federal taxes were withheld but Turbo gives me an error saying the value must be greater than 0.
I have a W-2 from the employer who granted the RSU in which Box 14 "Other" shows the fair market value of the RSU and says RSU next to the dollar amount.
Should I be putting a 1 in the "Shares withheld (traded) to pay taxes" box? If not, how do I properly enter this in Turbo? Thanks in advance for all of your time and assistance!
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You should enter "1" if that is the number of shares that were sold. Even though you didn't have federal income taxes withheld, you had social security and medicare taxes withheld, so that is why the shares were sold, to cover those taxes.
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