RSUs and moving to a different state

[yashK1]

Hello

I am currently living in Colorado. I have been given some RSUs by my company which will be vested in May this year. I am planning to move permanently at my home town in Ohio. How will be the RSUs taxed ? If i have moved to Ohio before the vesting, do I need to pay taxes in Ohio or in Colorado or both ? 

Also my company sells some of my RSUs to cover taxes. Will this be mentioned in my w2 or do i need to calculate anything manually

[ThomasM125]

The RSU's will typically appear as income on your W-2 form when the stock vests. Since the income was earned when you worked in Colorado, it is Colorado sourced income and will be taxable there. You will get a credit on your tax return in Ohio for the taxes paid in Colorado, so there will be no double tax of income.

The tax withheld when you sell the stocks will be reported on your W-2 form or form 1099-B. You will receive the form 1099-B reporting the stock sales which you will need to enter on your tax return. You may need to adjust the cost basis reported on the 1099 form to subtract any ordinary income reported on your W-2 associated with the stock.