1099B Etrade

On the sale of stock screen, correct your basis. Your RSU basis was reported in your W2 at some point in time, probably this year from your post. Enter your correct basis into the sale, not what the broker put. Remember, the basis is what you paid plus expenses to buy and sell and possibly dividends.

Once the stock has vested, the fair market value of the stock gets reported as ordinary income, usually in box 1 of your W-2. In some companies, employees can earn dividends from unvested RSUs — these are also reported in box 1 of their W-2 forms.

I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s. This will protect you down the road as proof of your basis in your various investments. As you go through life, rollovers, ESPP & RSU sales, and more will be captured for you.