Skip to main content
Level 1
June 6, 2019
Solved

I have a questi regarding Form 8949, Noncovered Short-Term Gains or Losses, from 2016 sales of Restricted Stock Awards plan offered by my company, via e-Trade Financial.

  • June 6, 2019
  • 1 reply
  • 15 views
Example as follows:  Received an employer sponsored Restricted Stock Unit award on 06-01-15 for 106 shares.  41 shares were traded for taxes, remaining 65 were awarded to me.  Then reported on a 1099-B for 2016, those 65 shares acquired on 06/01/15 and were sold on 05/25/2016, with net proceeds of $4,075.84.  Since the 41 shares we already traded for taxes (~40%) at the time of grant, what is now owed on the $4,075.84?  Is that 100% taxable as 2016 income?  Short term capital gains?
Best answer by DavidD66

Your basis in the 65 shares that were sold in 2016 is value of the shares at the time of the award (06/01/15).  This is the per share amount you were taxed on in 2015.  Your short term gain will be the $4075.84 less the value of the 61 shares on 06/01/15. 

1 reply

DavidD66Answer
Level 15
June 6, 2019

Your basis in the 65 shares that were sold in 2016 is value of the shares at the time of the award (06/01/15).  This is the per share amount you were taxed on in 2015.  Your short term gain will be the $4075.84 less the value of the 61 shares on 06/01/15. 

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