Amount computed by TurboTax for W2 income for RSUs is not matching

[johnsantaclara1]

One of RSU sales I had made last year was after stocks split. I was able to get the gains and cost basis matching after I entered them in TurboTax, but ran into the issues below for which I request your advice:

Problem 1:  RSU amount in Box 14 in W2 does not match the total of RSU amounts in column "Adjustment
Amount (Ordinary Income)" in E*Trade supplement which is again different from the value computed by Turbo Tax. Please let me know whether they should all match and if so, how to trouble shoot.

Turbo Tax screen "Your Employee Stock Plan Results"

On your W2, check that the following employee stock plan amounts were included in box 1 wages.

• Stock plan Type ESPP : Matches the amount in Box 14 (Other) of my W2 for ESPP
• Stock plan Type RSU : Does not match the amount in Box 14 (Other) of my W2 for RSU

Problem 2:
In TurboTax screen "Here's a summary of sales from this account" , it complains about 2 boxes of gains from RSU sales as NOT reported to IRS.

• Box B: Long term sales with cost basis NOT reported to the IRS :Net Gain/Loss = $x (total of Adjusted gains of sales of all RSUs WITHOUT split)
• Box D: Long term sales with cost basis reported to the IRS ::Net Gain/Loss (Amount= total Adjusted gain from ESPP sale)
• Box E: Long term sales with cost basis NOT reported to the IRS :Net Gain/Loss = $y (total of Adjusted gains of sales of all RSUs WITH split)

Is this ok that the gains from RSUs have not been reported to IRS or is there anything I should do about it? Thanks again!

Regards.

[RobertB4444 · Accepted solution]

The amount in box 14 is the amount that should be used for the basis for the RSUs.  If the 1099B that you received has a different amount then you need to contact your broker to ask why.

Your employee stock plan results: should also match the W2.

When the IRS has not been informed of the gain from a stock sale it means that they haven't been told what the basis (or the amount that you paid for the stock) is.  In this case we know what you paid for the stock because it's on your W2.  You enter this as the cost basis when entering your 1099-B so that you don't pay tax on the same income twice.