Best Answer Click here
The reporting for disposition of RSU is no different from how you'd report the sale of securities your client purchased from the markets.
That's why Phoebe says you'd just enter the amount under cost or other basis.
What would you like to adjust? Basis is the FMV reported at vesting on the W-2.
I agree. I have an Fidelity 1099 that shows proceeds for RSU's and "0" in the cost column (basis not reported to IRS. I then have a Supplemental Statement (not reported to the IRS) that shows the adjusted cost. The question remains where to report the adjusted cost.
Cost or other basis goes in the column headed cost or other basis.
The reporting for disposition of RSU is no different from how you'd report the sale of securities your client purchased from the markets.
That's why Phoebe says you'd just enter the amount under cost or other basis.
What you enter is not an adjustment but merely cost basis that was not provided to the IRS.
Try the TurboTax article
I like investopedia's breakdown:
https://www.investopedia.com/articles/financial-advisors/110915/restricted-stock-units-what-know.asp
And some others:
https://www.investopedia.com/ask/answers/061515/what-are-restricted-shares.asp
https://www.investopedia.com/terms/r/restrictedstock.asp
https://www.investopedia.com/terms/r/restricted-stock-unit.asp
"I have an Fidelity 1099 that shows proceeds"
A 1099-B is from sales, because either the client or the employer sold shares. The typical RSU process is to sell some of the shares when they vest to help pay the payroll tax that is owed on the entire amount that just vested. That's the basis date.
thank you
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.