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March 4, 2024
Question

RSU Tax Sales

  • March 4, 2024
  • 1 reply
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In the past  I have entered information in Turbo tax regarding the shares of RSUs that were sold to cover the taxes. These are not generally reported on a 1099 form. This year, Turbo Tax is not having me enter these anywhere. Am I missing something?

    1 reply

    March 6, 2024

    You enter the stock you sold to pay taxes on your restricted stock units (RSU) vested during the year in the Wages and Income section of TurboTax, then Investments Sales, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc...

     

    Indicate that you purchased employee stock when requested in the program:

     


    When you enter the stock sale information, indicate that the stock was restricted stock units and that you need to adjust the cost basis:

     

    You'll be able to choose whether you want to enter the adjusted cost basis or have TurboTax help you figure it out:

     

     

     

     

     

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