RSU headaches once again. Help!

I am once again struggling through my RSU entry. IDK why TT can't make this easier in the software.

Example: 29 shares vested on March 1. 11 were automatically sold for taxes, leaving me with 18 to sell on my own. I sold them a few days later. Each "sale" is listed separately on my forms from Fidelity.

Do I enter 2 separate transactions? if so, how much do I enter as "sold for taxes". I seem to recall having to calculate a portion of the 11 and put a smaller number in each sale entry in the past... but the elude me after a year of trying to forget about this constant struggle.

Or do I do some different math and enter 1 transaction somehow?

Would be super nice if Fidelity would be importable honestly... but that's a gripe for a different day.

Level 13

Jan 22, 2023 12:23:20 PM

Based on the facts, it appears you will have two separate transaction to enter into TT:

Let's say the 29 shares FMV at vesting were $500 per share
Your W-2 would include this value; $14,500 ordinary income.
Your sold 11 shares to cover the tax
The basis of the 11 shares sold is $5,500 (11x500). So technically you should not have any gain or loss on the sale of the 11 shares. An exception to this is if the broker charged you a fee for the transaction. In this case you may have a small capital loss.
You then sold the remaining 18 shares with a cost basis of $9,000
Once again, depending on the FMV at the date of the later sale, you will have another capital gain or loss

It is still early for any importing, so at some point I would imagine importing will be available. What the Fidelity statement most likely will not include is the cost basis which you will have to add to TT.

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RSU headaches once again. Help!