Restricted Stock Units (RSUs) reporting
In 2021, I had RSU stocks vest and immediately sold.
I received my Form 1099-B; however, it notes the cost or other basis as Unknown. I just want to verify I am determining the cost basis properly for tax reporting.
- The sale and proceeds are listed on my W-2 as income.
- On the 1099-B it shows the proceeds - as an example I will say $20,200.
- I went to my paystub when the stocks were sold and see the amount as $22,200. The extra $2,000 is the commission for completing the sale.
On turbotax , I listed the total proceeds as $20,200 and the total cost basis as $22,200 thus my short-term sales with cost basis NOT reported to the IRS is negative (-$2,000).
I checked Box B - short term noncovered
Is this the proper way to report?
Any help is greatly appreciated!
