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sgatessf
New Member

I chose the sell to cover option for my RSUs, I received a consolidated 1099, doI need to report this separately? How can i confirm that income was reported in my W-2?

 
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Anita01
New Member

I chose the sell to cover option for my RSUs, I received a consolidated 1099, doI need to report this separately? How can i confirm that income was reported in my W-2?

Yes, you do need to report it separately and to calculate the cost basis from the tax included on your W-2.  You will be told the amount already taxed on your W-2 in box 12 or 14.  The cost basis for this sale is the price used to calculate your tax on the W-2.  For example, if you were taxed at $15 a share on the W-2, then you would determine your cost basis by multiplying $15 a share by the number of shares sold, plus any commission charged on the sale charged by the broker.

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