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Level 2

Your Employee Stock plan results does not include the Dividend Equivalent.

On the 'Your Employee Stock plan results' page, the system asks if following employee stock plan amounts were included in box 1 wages.  However Box # 12B in W2 and total wages (in box 1) include RSU + Dividend Equivalent.The total value calculated by Turbo tax does not include the Dividend Equivalent.Is there a place on the portal where we can either add the dividend Equiavalent or overwrite the value on this page? 

2 Replies
Level 13

Your Employee Stock plan results does not include the Dividend Equivalent.

Understand that that page is really asking if TurboTax needs to make some adjustment to line 7 (wages and salary) of your Form 1040. 

So, for example, let's say that your employer somehow completely overlooked the fact that the vesting of the RSUs should have been reported on your W-2.  Let's further assume that you worked through the "RSU" step by step interview correctly, (it's not really necessary to use this interview from the standpoint of "income tax return" reporting in most cases), and came up with the correct compensation that should have been reported on your W-2, but wasn't.  In this case you'd respond to TurboTax's question with a "No" and TurboTax would add the amount of compensation it calculated to line 7 of Form 1040.

Presumably you don't need to have TurboTax make an adjustment to line 7 of Form 1040.  That is, in your case, your employer has reported correctly the amount of compensation associated with the RSUs vesting, (and the dividend equivalent).  So, you simply answer "Yes" to that question, even though that answer is not literally true, and TurboTax makes no entry on line 7 of Form 1040, which is exactly what you want to achieve.

Tom Young

Level 2

Your Employee Stock plan results does not include the Dividend Equivalent.

@AmyC  Here is another example with dividend equivalents.

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