Question

Is the amount of tax withheld for RSUs automatically added to the Federal Income tax withheld when calculating what taxes are owed? It would seem it is not.

Forum|Forum|3 years ago
January 20, 2023
1 reply
0 views

No text available

TurboTax Premier Online

I believe what you mean is that you sold some of your restricted stock units (RSU's) when you took possession of them to pay in estimated taxes due on the resulting income. If so, then yes, the tax withheld should be reported on your W-2 form in box 2 automatically. As such, it will appear on your form 1040 on line 25(a) and you will get credit for it on your federal tax return.

You can inspect your pay stub to help verify that this happened.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

M

MattTaxShadowAuthor

Thank you. I think the problem is Turbo Tax isn’t recognizing the amount of estimated taxes paid when it imports my W-2. It is just in a box I had to label Other.

M

MattTaxShadowAuthor

@ThomasM125 i actually haven’t entered those automatic tax RSU sales yet because I don’t have my 1099-B handy. When those are entered will TurboTax do some accounting around this and reconcile taxes already paid. Or are you saying the W2 already reflects the correct Federal Income tax withheld? Thanks for your responses!