Shares Traded for Taxes Withheld

Hello,

I've entered my RSU information, including cost basis, date acquired and sold. At the end of my Review, I get to a page that asks for Shares Traded for Taxes Withheld. I can't figure out where to see this information. I've looked at my transaction (Fidelity) and my 1099B but don't see that specified anywhere. Where would I find this?

1559

Expert Alumni

Apr 12, 2024 8:47:23 PM

Often when RSU are awarded, some of the stock awarded are sold immediately to cover the tax you'll incur on the stock award.

Shares traded for taxes withheld would be reported on a 1099-B for a trade you never received cash for. It might have been done through your employer.

New Member

Apr 13, 2024 8:49:33 AM

Thank you for your reply.

To confirm, on my 1099 there's a column that says Federal Tax and State Tax Withheld but it shows $0.00. Would that be where they would show?

I tried entering 0 shares withheld on TurboTax but it says value must be greater than 0.

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Shares Traded for Taxes Withheld