Question

Retricted Stock Unit Sales

Forum|Forum|5 years ago
February 15, 2021
1 reply
0 views

In Turbo Tax, if you note a sale was a sale of an RSU, the software then askes several questions regarding the vesting period, total shares and shares used to cover taxes. Is this really required information to complete the tax forms or, if you know the cost basis and vesting date, can I you skip entering in the rest of the vesting information.

hbl3973

Employee

dmgolf,

The short answer is that you can bypass the RSU specific area if you know exactly what you are doing. Indeed, I did this a decade or so ago some years before I retired. However, please take a look at

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-i-sold-common-stock-that-had-previously-been-rsus-they-were-granted-by-my-company-are-these/01/1919928#M62011

for a fuller discussion of what gets reported where and how to calculate the correct cost basis.