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ckzaugg
New Member

Where do you report "income" from vested restricted stock options (RSU) if you consult on the side for a startup (that doesn't issue you a W-2). Under schedule C?

 
2 Replies

Where do you report "income" from vested restricted stock options (RSU) if you consult on the side for a startup (that doesn't issue you a W-2). Under schedule C?

"Under schedule C?"

Yes.  It's part of the line 1 "revenue" figure on Schedule C, reported at the stock's FMV at the date of vesting.  Obviously you report this a form of "general" income, i.e., not reported on a 1099-MISC.

If and when you sell the stock, that's when the 1099-B comes into play.  The stocks basis is the same as the revenue reported.

Tom Young

EvanP
New Member

Where do you report "income" from vested restricted stock options (RSU) if you consult on the side for a startup (that doesn't issue you a W-2). Under schedule C?

If you have RSU sales to report, this is a type of investment income that does not get reported on a Schedule C. You should have gotten a 1099-B tax form for these sales. If you didn't get a W-2 or had taxes withheld on the RSU sale, you may owe taxes. 

To enter this income in TurboTax, go to Federal Taxes, Wages & Income, and find the Investment Income section and Start the Stocks, Mutual Funds, Bonds, Other topic.

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