I had RSU shares vest and sold in 2019. My employer is based in China with the brokerage firm out of Hong Kong. They do not issue a 1099-B. I'm trying to enter this in TurboTax, but after I select that I do not have a 1099-B it asks "What type of investment did you sell?", and RSU is not one of the options. The options are: Stock (non-employee), Mutual fund, Bond, Options, Second home, Land, Collectible, Personal items, Other. This seems different than last year. Should I just select "Other"? If so, the next question is, "How did you receive this investment?", where the options are: purchased it, inherited it, received in divorce, received as gift, something else. What's the correct choice here? Any help would be appreciated.
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In this situation you will have to calculate your basis yourself.
Your basis in the RSUs is the amount that was included in your income at the time of vesting.
You purchased it for the amount that was included in your compensation.
In this situation you will have to calculate your basis yourself.
Your basis in the RSUs is the amount that was included in your income at the time of vesting.
You purchased it for the amount that was included in your compensation.
Thanks, Robert. That's exactly what I was just about to do. Thanks for confirming!
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