I am trying to file taxes on sales of RSUs after they have vested but do not see on the 1099B where the sales expenses are. Where should that be?

Forum|Forum|7 years ago
June 1, 2019
1 reply
15 views

I sold shares to cover federal and state taxes when the shares vested, but I also sold shares later that had already vested. How do I make sure I am not paying double the taxes?

TurboTax Premier Online

LJane29

Level 6

You need to be using our TurboTax premier product and it will walk you thru the correct adjustments for RSUs. The "tricky" part is adjusting your basis to be sure that the amount that has already been reported as income (on your W2) is accounted for.

For the shares sold to cover taxes the gain should be 0 or a small loss (depending on how your RSUs are managed the loss is the fee for processing).

For the shares sold later (but in the same year) you need to be able to trace the amount to what was reported on your W2.

Your company or the broker will often supply the details as to what was included in income.

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