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Level 2
posted Jan 22, 2023 10:44:26 AM

Entering RSUs sold for taxes

I am once again struggling through my RSU entry.  IDK why TT can't make this easier in the software.

 

Example: 29 shares vested on March 1.  11 were automatically sold for taxes, leaving me with 18 to sell on my own.  I sold them a few days later.  Each "sale" is listed separately on my forms from Fidelity.

 

Do I enter 2 separate transactions?  if so, how much do I enter as "sold for taxes".  I seem to recall having to calculate a portion of the 11 and put a smaller number in each sale entry in the past... but the elude me after a year of trying to forget about this constant struggle. 

 

Or do I do some different math and enter 1 transaction somehow?  

 

Would be super nice if Fidelity would be importable honestly... but that's a gripe for a different day.

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1 Replies
Expert Alumni
Jan 24, 2023 10:10:41 AM

I recommend entering each transaction separately just as it shows on your 1099-B.  

 

No need to enter "sold for taxes" anywhere in TurboTax. When Federal income tax is paid with your RSUs, that amount will be accounted for and reported on your W-2 in box 2 Federal Income Withheld. 

 

Here's a 1-minute video that gives you a little more info and gives you steps to get back to that section in TurboTax.