turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-B from Sale of RSU Dividends

My spouse received vested RSUs in May 2022 which were sold the same month. The sale of these RSUs was reported on our 2022 tax filings.

 

The account subsequently received a dividend payout for Q2 of 2022 that was immediately reinvested. Subsequent quarterly dividends were distributed and immediately reinvested until we sold the remaining shares in January 2023.

 

We received a 1099-B for the sale of these remaining stock shares in 2023.

 

When entering this information in TurboTax, I'm prompted whether these sales include ESPP, RSU, RS, NQSO, or ISO (yes/no). I bought the shares from a dividend distribution so is that considered part of the RSU? If it's considered non-employee stock, what do I list as the date the investment was acquired (on the 1099-B, it lists "VARIOUS" for box 1b)?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ThomasM125
Employee Tax Expert

1099-B from Sale of RSU Dividends

Since you sold all of the original stock, you can treat the stock purchased with the dividends as non-employee stock to simplify things. If all of the shares were acquired more than a year before they were sold, you can assign a purchase date more than a year before you sold them so the gain on sale will be long term. For shares acquired within a year of sale, choose a date less than a year from the sale date. Any dividends that you reported as income on your tax return would be applied to the cost basis of the shares sold.

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

View solution in original post

1 Reply
ThomasM125
Employee Tax Expert

1099-B from Sale of RSU Dividends

Since you sold all of the original stock, you can treat the stock purchased with the dividends as non-employee stock to simplify things. If all of the shares were acquired more than a year before they were sold, you can assign a purchase date more than a year before you sold them so the gain on sale will be long term. For shares acquired within a year of sale, choose a date less than a year from the sale date. Any dividends that you reported as income on your tax return would be applied to the cost basis of the shares sold.

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies