1099-B RSU Question about shares vesting and shares sold by broker to cover for taxes

Forum|Forum|3 years ago
February 17, 2023
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In 2022 209 of my RSU shares vested and became ordinary income. This income is reported on my W-2 and $2,396 federal taxes were withheld. My 1099-B shows a sale of 81.877 shares with proceeds in box 1d of $4,186. These shares were sold by the brokerage to cover taxes for the shares that became vested. There are no values for box 1b and 1e on my 1099. The Applicable Check Box on Form 8949 shows an X and box 5 is checked for noncovered security. Federal Income Tax withheld in box 4 is 0.00.

I did not sell any of the remaining 127 shares.
I've tried many times to enter this information correctly into TurboTax Premier but it seems that I'm still accounting for those taxes twice.
Can someone please provide some insight in how this situation should be handled in TurboTax?
Thank you!

SantinoD

When RSU's are sold to cover taxes, the amount of taxes paid is accounted for on your W2 box 2 federal income tax withheld. Taxes paid shouldn't be entered anywhere else in regards to that transaction since it is already included in your W2.

To learn more about how RSU's are reported, go here: What are restricted stock units (RSUs) and how do I report them?