Well, TurboTax is right, you can't enter a sale that occurred in 2018 in a 2020 income tax return.  And, because you didn't use TurboTax last year it can't simply transfer the remaining capital loss from the 2019 income tax return.  You have to enter the capital loss remaining as of 12/31/19 yourself.   Here's where you do that in the desktop program.  I assume the online program is similar: ... View more

"No grant of RSU in 2020. Just vested 1000 RSU, not sold/exercised. "   "Exercised" isn't a word typically used in an RSU situation.  IF they vest THEN they are yours.   If this was really Restricted Stock then the grant would have happened some time in the past.    You're going to have to go to your payroll department and ask "Why isn't the $20,000 created by the vesting of the RSUs included in my taxable income?  Everybody says it should be."  (Copy this down and repeat it word for word.)  If the payroll department tells you the presentation is correct and WHY it's presented this way, then ask them to write that down so your tax advisor can understand. ... View more

"Then my total income is 10000 + 20000 = 30000 which should be in Box-1, but today Box-1 is just 10000."   If this is a genuine "vested RSU" situation then that doesn't make sense.    Instead of  RSUs did you get a grant of Restricted Stock (RS) and make an 83(b) election at the time of the grant?  This still wouldn't make a huge amount of sense as the vesting of the restricted stock wouldn't be a taxable event, an event requiring withholding, but it could, sort, kinda, explain the W-2 presentation (though I'm not at all sure that presentation is actually correct if that's the case.)   ... View more

"Thank you! One of the payroll team told me that my W-2 is correct, which also confused me. I am doubling check with them. My base salary is 10000, RSU income is 5000, but the Box-1 is ~10000 while Gross Pay is ~15000. " I continue to be confused.  $20 x 1,000 (your figures) = $20,000 and if those shares vested in 2020 Box 1 should equal $10,000 + $20,000 = $30,000.  I can't get "$5,000" from anything you've posted.  I think you're misunderstanding something.  RSU income is fully taxable when the shares become yours. ... View more

"Please suggest what I missed. "   Nothing in your last post really makes sense.  You told TT that you sold 1,000 shares when you didn't, you obviously used the RSU step by step process, but this: -------------------------------------------------------------------- Total shares vested/released : 1000 Shares withheld (Traded) to pay taxes : 200 --------------------------------------------------------------------   should result in a final tax return check error.  That's because the programming logic, (unless it's changed from 2020 when I stopped posting here), should result in only 800 shares being available for sale.  And the entry you've posted should, (absent the error noted above), result in a capital gain of 800  x $20.   I think you need to start right here: "I have the same situation that the RSU income is not included in Box-1 while it is included in the "Gross Pay" on my W-2" because that absolutely should not be the case.  Don't do a thing until you walk into the payroll department, W-2 in hand, and determine if this really is the case.   If, if the above statement is correct then get a corrected W-2.  What you've done here is simply flat-out wrong.   Tom Young ... View more

You've provided no context for the two numbers you threw out so nobody's in a position the say "Yes, you're absolutely right!" or "You're wrong because..."   Go talk to your payroll department and get that sorted out. ... View more

"Am I supposed to report the taxes again?"   No.  The taxes have already been reported on your W-2, you don't get to deduct those taxes twice.   "So now I'm wondering since the 1099-B doesn't list the fed/state tax am I supposed to enter off the transaction statement. "   No.   "On the TT page with where it is asking to fill in "Box 1f, 1g, 3, 4,....) it has a statement "These items may also appear on your Form 1099-B for this sale, but they are not common." - That is making me second guess if I'm supposed to report the taxes there, because the would have already been taxed as compensation on my W2."   Any taxes a broker withholds - called "backup withholding" and which would occur if you didn't submit a W-9 or reported that you were subject to backup withholding on a submitted W-9 - would be included in the "taxes" boxes of the 1099-B.  You have no dollars showing in those boxes. ... View more