Form 10990-B Worksheet (National Financial Services LLC) – Capital Asset Sales Wksht

Forum|Forum|3 years ago
April 9, 2023
1 reply
0 views

Hello –

I performed a Federal Review/Smart Check and I landed on a page that states “Check This Entry,” for Form 10990-B Worksheet (National Financial Services LLC) – Capital Asset Sales Wksht, which was all information imported from Mint.

I received X number of RSUs on a vested date and I sold all of them on the vested date and paid taxes on the vested date.

The “Check This Entry” is asking me for “Date Acquired”, but the “Date Acquired” is already inputted on the form. This is the same for the rest of the fields “Cost or Adjusted Basis”, “No Entry, Short-term, Long-term” (drop down field). Why did my “Federal Tax Due Amount” go up significantly when I already paid taxes on the vested date? Seems like I'm being double taxed. What am I missing?

Thanks,

Jennifer

TurboTax Home & Biz Windows

hbl3973

Employee

jgrl55,

The taxes withheld on the RSU sale are usually included on your W-2. Check your paystubs to see if that was the case. If so, then you had already included the tax paid before you entered the taxable transaction and that would explain why the tax went up after entering it.