Discrepancy on Summary of Compensation income from Employee Stock Transactions

[JAH61]

I received two RSU distributions in 2021.  One for $44,147,11 and one for $8,582.14.  I imported my W-2 and the TT Summary of Compensation income from Employee Stock Transactions shows three line items ... 1) $44,147.11, 2) $44,147.11, and 3) $8,582.14.  The total = $96,876.36.  One of the $44,147.11 RSU's are double counted.  TT asked me to confirm if the $96,876.36 is included in my W-2 taxable income, but this should be just $52,729.25.  How do I fix this?  Is it possible to tell if this is an error from my company, the W-2 import, or Turbo Tax?

[FangxiaL]

Open the imported W-2 form and double-check all the boxes to make sure the dollar amounts were imported correctly.

[JAH61]

The W-2 appears to be correct, but the source data points me to the 1099-B worksheet from the company that manages my stock plan.  As I mentioned, I got two distributions of restricted stock.

1) the one for $$8,582.14 netted 83 shares after tax withholding.  Part VII line 28 on the transaction worksheet shows the correct amount of $8,882.14 reported as compensation income.

2) the second distribution for $44,147.11 netted 427 shares after tax withholding.  When those shares were sold, they were reported as two transactions (I don't know why), one for 83 share and one for 344 shares.  on each of the transaction worksheets, part VII line 28 shows the full distribution amount of $44,147.11 reported as compensation income instead of splitting it proportionally between the 83 and 344 shares.

[DawnC]

Sounding as if there is something off in the Form 1099-B entry since TurboTax is asking you to confirm the wrong amount of compensation income.   Go back through the 1099-B entry in TurboTax and make sure that the form and your entry is reflecting only the shares that were sold to cover the income taxes.    The 1099-B should only report shares that were actually sold, not the ones that were vested.   Everything vested go to compensation income, but capital gains/loss only come into play once shares are sold or disposed of.   

What are restricted stock units (RSUs) and how do I report them?

You can edit the compensation worksheet if you need to, see this answer to another multi-lot ESPP transaction.