Questions about RSU

Forum|Forum|2 years ago
March 6, 2024
1 reply
5 views

Hi! While filing my tax return this year, I discovered that I owe a significant amount to the Federal. It appears that the main factor is the income from stocks. However, a considerable portion of them hasn't vested yet. For the vested part, I noticed that withholding has been applied. Does this mean that my stocks are either tax-paid or non-taxable? Are there any deductions or credits I can utilize to adjust my overall income?

Ask the Experts - MetLife III - Mar 2024

LindaS5247

Level 14

Please clarify your question and provide more details so we can better answer your question. What kind of stocks are you entering? RSU's? What form are you entering, W-2?

Please feel free to come back to TurboTax Community with additional information or questions or click here for help in contacting Turbo Tax Support.

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alexcpAuthor

Level 2

Yes, W-2 and RSUs granted by my employer.

RobertB4444

Level 15

Here's a great article on entering RSUs into TurboTax.

When you receive the RSUs they're reported on your W2. If your employer doesn't withhold enough taxes to cover them then you will pay the taxes on them. And, when you sell the stock, you will be responsible for any taxes due from gains on the sale as well.

@alexcp

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