Solved: My W-2 includes RSUs compensation. After adding all of my RSU transactions to TurboTax, why is the RSU income calculating as less than the actual amount shown on my W-2?

djhurlbut · Jun 6, 2019 10:24:50 AM

<P>My W2 shows about $5k more for RSUs than Turbo Tax reports. It's unclear where this difference comes from.</P>

My W-2 includes RSUs compensation. After adding all of my RSU transactions to TurboTax, why is the RSU income calculating as less than the actual amount shown on my W-2?

Yes, you could do that.

Actually you don't have to go through the exercise of having TurboTax calculate your vesting income if you believe your employer has reported it correctly on your W-2 (which is most likely the case).

Just enter your 1099-B (say No, not employer stock) and indicate that 'Cost Basis is incorrect' to enter the correct Cost Basis (FMV on vesting date). This may be reported as 'Adjusted Cost Basis' in broker info.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"