Question

RSU's

Forum|Forum|2 years ago
April 12, 2024
1 reply
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My 1099 only shows 2 transactions although my broker statement shows 3. I want to make sure that I do not under/over report and need help with adjustments if necessary. This is my scenario on 2 sales on same date.

1st sale

Quantity released 52 with 22 withheld for taxes and 30 disbursed

Market Price at time of Grant $57.15

Release Price $29.73

Gross release value is $1545.96 (52 X $29.73)

Total taxes withheld $654.06 (22 X 29.73)

A breakdown of the $654.06 shows how much went to each Fed, State, FICA, Medicare and SUI+WD

2nd sale

Quantity released 19 with 8 withheld for taxes and 11 disbursed

Market price at time of Grant $65.76

Release Price $29.73

Gross Release Value is $564.87 (19 X $29.73)

Total taxes withheld is $237.84 (8 X 29.73)

A breakdown of the $237.84 shows how much went to each Fed, State, FICA, Medicare and SUI+WD

My 1099b shows Quantity (Box 1a) 72 Proceeds (Box 1d) $2577.82 and Cost Basis (Box 1e) $3099.60

I am trying to reconcile but can't figure out how did the 1099 come up with its figures?

V

Vanessa A

If your broker statement is showing 3 transactions, what is on the 3rd transaction? The numbers you posted do not add up, it appears as though your 1099B is including whatever is on the 3rd transaction.

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