Old employee stock

Forum|Forum|3 years ago
March 12, 2023
5 replies
32 views

In 2022 sold some RSUs that vested in 2021 and paid taxes at the time of vesting. The sale generated a loss. When filling out the 1099 info in TurboTax if I select "Employee Stock", which was how they were received, it seems to think I DIDN'T pay taxes and increases my tax bill substantially. If I enter the 1099 info as is and don't say it was employee stock, it seems to reflect the cost basis and sell price, where I lost money, and reduces my tax bill.

If the shares were taxed at vesting in years prior, is it even considered employee stock anymore? I always thought it would be just like and other traded shares and the taxes are due depending on capital gains/losses.

Thanks for you help!

DaveF1006

Level 15

To clarify, are you preapring your 2021 or 2022 return?

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avilaxAuthor

Level 2

Sorry, I confuses the years and corrected above. This is for the 2022 return; the stock vested in 2020-2021 across various lots and I sold in various lots in 2022.

DaveF1006

Level 15

To clarify again, when the stocks were awarded in the previous years, were these reported on a W2 and were the taxes you are referring to also reported on the W2's?

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