Rsu cost basis. 1099-B and Supplemental Information form.

Rsu cost basis Several factors can affect the cost basis of your Dec 10, 2024 · RSU cost basis calculations follow a straightforward formula: Number of Vested RSUs × Fair Market Value at Vesting = Original Cost Basis. Jun 3, 2019 · I had some RSU stocks that I sold last year. • The cost basis reported on Form 1099-B reflects the purchase price only and doesn Dec 30, 2024 · Calculating how much you gained or lost from the sale of stock depends on your cost basis. The brokerage does not report short term sale or cost-basis to IRS. 81. i don’t think we did these sales, I think the employer did them. Feb 2, 2025 · Cost Basis. Mar 18, 2023 · My 1099-B and my financial institution's supplemental transaction report show my Cost Basis for RSU transactions as $0. Assume $10 per share. For example, if an employee’s RSUs vest at $60 per share and they receive 500 shares, the cost basis is $30,000. Mar 4, 2025 · Restricted Stock Units (RSUs) represent a promise of company shares granted to employees. Fortunately, I have the cost basis documented in the statement that I get when the RSU's vest, and I use that cost basis on my tax forms. The biggest cause of people paying tax twice on RSUs is that the correct cost basis on your vested RSUs often does not get reported. The cost basis column on your supplemental form should look similar to the following. Jan 28, 2024 · The cost basis on your 1099-B was reported to the IRS but it was too low. Let’s take a closer look at the small print on Form 1099-B. Oct 3, 2024 · Restricted stock units (RSUs) are shares of your company’s stock given to you as part of your compensation. Cost basis is the fair market value your company assigned to the shares at vesting. Oct 7, 2020 · Dear experts, I have a Supplemental form from ETrade, which has 2 columns for each RSU sale: Adjusted Cost Basis and Cost Basis. If the box says 10k, and you have 100 units of stock, your cost basis per unit is 100. All 3 are reported to IRS in my W2 income. In the cost basis column, there is a little code “e” followed by very specific and impor tant conditions. Report the transaction on Form 8949 and Schedule D. Calculating capital gains accurately is vital for reporting on your tax return and optimizing tax strategies. Using the correct cost basis ensures that you file correctly and aren't taxed more or less than the required amount. If your employer uses a “sell to cover” approach, include the number of shares sold and taxes withheld. Dec 17, 2024 · Accurate reporting of RSUs on tax returns is essential. You can choose a same-day sale, to sell for cover, or a cash transfer. The cost basis for RSUs is established at their fair market value on the vesting date. If you sold restricted stock units (RSUs) or shares from your employee stock purchase plan (ESPP), these are reported on Form 1099-B. After a grant recipient satisfies the vesting requirement, the company distributes shares or the cash equivalent of the number of shares used to value the unit. " "Actual cost basis" box appears for you to enter the amount. RSUs are typically noncovered securities, and the IRS typically isn’t told the cost basis. Feb 15, 2023 · The per share cost basis of your RSU's in any lot is the compensation created by the vesting (which is reported on your W-2) divided by the GROSS number of shares you received in that lot. Capital gains taxes may also apply at the time the stock is sold. Your cost basis in the 1000 RSU shares is Mar 6, 2023 · The recommendation by our Tax Expert @DavidD66 is that you report the 1099B directly under Investment Income sales because you have already reported the value of the restricted stock units (RSUs) in your wages. The supplement includes adjusted cost basis numbers which the 1099B sent to the IRS does not. This can be found on any number of web sites and most certainly from your financial office of your employer or Human Resources/Payroll. Gross sale $10,185 less cost basis $5,233 = $4,952. Feb 16, 2025 · What is the cost basis of my RSU with a value of 0? The cost basis of your RSU with a value of 0 is typically the fair market value of the stock on the date it vested. This is what happened in my case. 58 ($4,000/39 x 17). However, I can't find the field in Turbotax Premier to enter this information, there is only a field for Cost or Other Basis. For instance, a stock split increases the number of shares while reducing the price Nov 8, 2023 · Cost basis, in simple terms, is the original value of an asset for tax purposes. Whether you're planning to hold or sell, knowing the tax implications can help you avoid surprises and maximize your earnings. Using the correct cost basis ensures that you file correctly and aren't taxed more than the required amount. Dec 13, 2024 · Example: Reporting Restricted Stock . Ordinary Income Tax on RSU at Vesting. If it's missing or $0, you'll need to adjust your basis to avoid being double taxed. However, the cost basis section is not completed. That is because on Form 1099-B, Box 1e for the cost basis will Feb 17, 2020 · I had 20 RSU sales in 2019. However, Etrade shows my ordinary income (which would be the cost basis here) for this as the RSUs released value; not the full ordinary income I was hit with. Like a restricted stock award (RSA), a restricted stock unit (RSU) is a grant valued in terms of company stock. Jul 3, 2023 · At the point of vesting, you’ll be liable for income tax on the full FMV of the stock subtracting the RSU cost basis. It also resolved the question about the $5,000 shortfall. ) Oct 2, 2024 · To avoid double taxation, you’ll include the amount already reported in income on your W-2 as part of the cost basis. TurboTax asks for "Cost Basis or Adjusted Cost Basis. But TurboTax is calculating the cost basis based on the tax I paid. Is the cost basis of an RSU always determined at grant date? So if you have a 1 year cliff, you will basically see no appreciation for that whole first year? Another example, if rsu is 100k/ year, the company’s stock goes up 10x, and you vest the last 100k on the fourth yearyou only get 100k for Jun 24, 2021 · This is the second time when you need the RSU cost basis for taxes: in figuring out how much more you owe in capital gains after selling your shares for a profit, or how much of a loss you can report after selling them for less than the price they vested at. The cost basis is crucial for calculating capital gains or losses. Of course, initially the cost basis isn't accounted for when you sync to your investment account. Feb 24, 2025 · Example Scenario: 10 shares sold will have a $100 cost basis for you and same sales price (amount awarded plus any discount cost to you, if any) the balance, $200, will be the cost basis of the ones you still hold; Restricted Stock Units (RSUs) is an award granted and given to high ranking employees. Jan 18, 2025 · The cost basis of your RSUs is the FMV on the vesting date. I connected my brokerage with TurboTax and it prefilled all the information. They vest over time, which means you get them gradually, typically tied to how long you’ve worked at the company, other performance goals, or at the time of a liquidity event such as an initial public The cost basis of RSUs is typically the fair market value of the underlying stock on the date the units are granted, which can be found in the RSU agreement. So, that income plus what you paid for them, if anything, would be your cost basis when they are sold. 00 fair market value per share would create $5,000. Mar 15, 2021 · Background: I have 3 RSU vested, 2 are sold to cover taxes, 1 remains unsold in the brokerage. Don’t change it in Box 1e directly but check the box “The cost basis is incorrect or missing on my 1099-B. Your capital gain/loss and cost basis information are located on the . That said, on the last two transactions the amount I owed did not go down at all. Restricted Stock Units (RSUs) Non-covered: cost basis not reported to IRS FMV* You will not need to adjust your Mar 11, 2024 · The cost basis for RSUs is typically the fair market value of the shares when they vest. *Fair market value (FMV) is defined by the stock plan and/or award agreement and can vary across equity award types Feb 12, 2025 · Yes, you would be double counting income if you entered $0 for the cost basis on restricted stock units (RSU's). That tax basis propagates through the exchange of shares, and is adjusted by the calculation described in Form 8937 for the merger, so you end up with a tax basis for the avgo received. You need your 1099-B and just report what is on that. The share price has increased from the cost basis; and, The shares have been held for at least one year. Jan 28, 2025 · RSUs and CP2000 Letters. Mar 16, 2022 · The cost basis for the Restricted Share Units (RSUs) is the price the shares cost for normal market buyers the day they vested into your name. So, which is correct? Box 14 of your w2 should indicate your total cost basis for RSU’s granted this tax year. the full cost of shares that generated Oct 23, 2023 · The type of equity compensation you have matters, too. I sold stock this year, some were RSU's and others were ESPP. So, if you sell the 60 RSUs for $15 each after 6-months, your 1099-B will show proceeds of $900 minus fees. As expected as I entered the cost basis for each RSU sale the amount I owed went down. So, if you sell them at gain of 200$ (assumption) for total proceeds of 6200$. This small print acknowledges that the shares that were sold were acquired through the employer stock plan. That is because the value of them that you did not pay for is taxed to you as wage income in the year they vest. Example: 20 shared distributed, 8 withheld to cover taxes. As the preparer, you need to verify cost basis and transaction fees from the reporting 1099. The cost basis of RSUs is determined at vesting, reflecting the fair market value of the shares. Pro-Tip : Watch out for brokerage adjustments—sometimes brokers report incorrect cost bases, so ensure the FMV on the vesting date aligns with your records. That’s it. Jun 13, 2024 · In fact, the cost basis and RSU rules are incredibly straightforward: it’s the price the shares cost for normal market buyers the day they vested into your name. and a . For RSUs, this would be the value of the stock on the date it vests. 00 for RS Jan 6, 2025 · Improperly reporting RSUs on your tax return (or leaving them off entirely) can lead to unwanted notices from the IRS and potentially higher taxes than what you actually owe. On line 1e for my 1099-B, the cost basis is completed for my ESPP shares sold, but left as $0. When you click next/continue, read the follow up questions asking if cost basis needs to be adjusted and enter the correct amount there. For example, if 100 RSUs vest when the stock price is $50, the How much of that gain or loss you report depends on your cost basis. In our 1099, we reported the 6. Read more about how RSU taxes work. Jan 16, 2025 · MoneyMonkey wrote: Thu Jan 16, 2025 7:48 pm I’m confused as to why cost basis for RSUs seem so elusive to pinpoint. They each receive restricted stock grants of 10,000 shares for zero dollars. FMV at vesting: $50/share; RSU cost basis: $0; Amount of RSUs vested: 250 shares (out of 1000) Feb 25, 2008 · Cost Basis: 5,000 Date Acquired: 10/31/20xx. ESPPs: The cost basis may include the purchase price and any discount provided by your employer. Looking back at my transaction history in Computershare, I found the entry for the sale. Situation When entering in TurboTax Premier through step by step it appears it is calculatin Apr 15, 2023 · 14 RSUs in December 12,2022 vested. If the shares are sold before meeting the holding period requirements, part of the gain may be treated as ordinary income. e. . 00 for RS Feb 13, 2025 · I am little confused on how to find my cost basis for the RSU that I sold last year. How is RSU cost basis calculated? Unsolved In 2018 I vested 100 shares and the price was $20 that day, I will only receive, say, 75 shares because 25 were withheld to pay taxes due at the time of vesting (assume net issuance model, not sell to cover, etc. Feb 15, 2023 · In this case, the value of the 39 shares is $4,000 and that is what is used to assess the taxes at vesting. If you don’t report the basis, IRS’s “calculation” will assume the basis is 0, which is probably not what you want. This value is critical for calculating capital gains or losses when the shares are sold. D Feb 18, 2023 · Because the 4/1 lot has a cost basis of $4/share and the 7/1 lot has a cost basis of $3/share. Reason is same, your cost basis is 0 for most RSU’s. Learn how restricted stock units (RSUs) are taxed, from vesting to selling, and what it means for your income. You don’t own them right away. Jun 12, 2023 · Cost Basis for Sell to Cover RSUs. Your cost basis is the amount your employer included on your W-2, which is the closing price on the vesting date times the number of shares vested. Mar 7, 2025 · RSUs: The cost basis is typically the fair market value (FMV) of the shares on the vesting date. Question 1) Should I use Cost Basis (reported in 1099-B) or Adjusted cost basis ? I am using TT Premier which takes "Cost Basis" by default. I’m new to it, but I’ve been told that it can be found in your View Confirmation of Release file, specifically the Market Value per share. Bringing that back to the merger - the vmw shares going into the merger had a tax basis, even if they were RSUs with a zero cost basis. 1099-B and Supplemental Information form. 3587 sold at $100 as “sell to cover”, with cost basis of $100 . May 31, 2019 · My broker reports RSU transactions that were sold to cover taxes to IRS on 1099b (under box B) with cost basis 0 Now shall I show all these transactions used to witheld taxes on turbotax along with actual transactions that I did?</p><p>If yes, do I need to use the uncommon situation button and tell it that:</p><p>This Form 1099-B shows the Federal or State income taxes were withheld from the May 6, 2021 · To me it make sense to put $25,000 as my cost basis because that’s how much it cost to get my vested $20,000 RSU. The FMV of the total 141 units vested was 141*29. Sam and Alex are both key executives in a large corporation. Mar 16, 2022 · When reporting sales of shares that were acquired from restricted stock or RSUs, taxpayers may wrongly think the cost basis is $0. D. Under "Cost Basis and Tax Information", it breaks the sale down into two chunks: - 5 shares that had vested in 2013, and were "spun May 6, 2021 · Will my cost basis be $25,000 so that the $5,000 will be deducted from my total income. " 3. your cost basis should be adjusted so you don’t pay taxes on this amount again. The 50 percent withholding is most likely because with stocks (unlike mutual funds) you cannot buy or sell fractional shares. Cost basis is the original monetary amount paid for shares of a security. Special Considerations for RSUs. Rights are restricted until shares are vested. Input key details like number of shares, stock price at vesting, state tax, Federal Tax, and FICA taxe rate than Calculate. And since that piece of information will never change, you’ll never need to adjust your cost basis for regular tax calculations. You wind up paying taxes on their cost basis — that is, the market value of those shares on the day you receive them. When you sell or exchange shares of mutual funds or other securities, you may have a capital gain or loss that must be reported to the IRS. Feb 21, 2018 · For RSUs, the cost basis should be the fair market value (FMV) of the shares on the day they vest. Each time a “lot” or portion of your RSUs vest, it establishes a particular cost-basis and total value. RSUs come with unique Feb 22, 2022 · We sold restricted stock units last year and received both a 1099B and an E*TRADE Stock Plan Transaction Supplement. If Box 1B on your 1099-B has something other than a date but is not blank, choose "Various. She has held the shares for more than two years and is contributing $11k of the allowable $20,500 in her employer's 401(k) plan. The sell screen showed the cost basis correctly on every single one of those lots. com after reading the guide link above: 'stock plan transactions supplement'. I asked my payroll as some of you suggested but I was told to ask E-trade or hire a tax professional. That is the original cost basis, so you need to divide it by the number of shares, 39 in this case, to determine the cost per share. The correct basis is (number of shares sold) x ($10) TurboTax will report the sale on Form 8949 "as reported by the broker" but will put an adjustment figure into column (g) of the Form, a code "B" into column (f) of the Form, and the correct amount of gain or loss Mar 13, 2023 · Your original cost basis for all 40 shares was $527 (numbers are rounded to the nearest whole dollar amount); however, your adjusted basis for Transaction 1 reflects a per share cost basis of $549 and for Transaction 2, the adjusted per share cost basis is now $571. Disclosures: Marcia has 2,000 vested RSUs worth $10/share and a cost basis of $5/share. And yes I know I should hire a cpa but right now I’m being bone headed. Here comes the really tricky part: adjusting the cost basis (or tax basis) of equity awards, i. If you didn't file form 8949 you paid double tax Jul 6, 2023 · Whenever RSUs vest, they become taxable income for you. Let’s look at how the cost basis can vary depending on whether you have RSUs or employee stock options. So I tried to correct it Oct 13, 2018 · For RSUs cost basis, what happens during tax season depends upon the tax withholding method you chose for this benefit. Enter your purchase cost plus the amount added to your W-2. Nov 15, 2024 · A restricted stock unit (RSU) is an award of shares that comes with conditions, usually a vesting period before they are transferred. The price increase or decrease from that cost basis is a short-term/long-term gain/(loss) accordingly. Seventeen of them where sold at time of vesting, at a cost basis of $1,743. To calculate the gains or losses from shares sold, you must know the cost of the different shares that you own. Feb 22, 2022 · We sold restricted stock units last year and received both a 1099B and an E*TRADE Stock Plan Transaction Supplement. Restricted Stock Awards (RSAs) Non-covered: cost basis not reported to IRS FMV* You will not need to adjust your cost basis, but you will need to use Form 8949 to report cost basis and the proceeds for these transactions. As he stated, the income in your wages is the value on the vesting date and this becomes your cost basis per share received by dividing Dec 6, 2024 · To determine capital gains, subtract the RSU’s cost basis from the selling price. The result is a long-term capital gain and is taxed at those rates. Read more on this topic: Cost Basis and RSU: THE Easy-to-Understand Tech Employee’s Guide The amount of RSU income represents your cost basis in the RSU shares, so you take the total RSU income, divide it by the gross number of shares you received and that works out to be your cost basis per share. This value is crucial for determining capital gains or losses when the shares are eventually sold. Mar 11, 2022 · When I sell shares of vest RSU's, the custodian (Computershare) also does not include the cost basis on my consolidated 1099. Restricted Stock Units (RSUs) Non-covered: cost basis not reported to IRS FMV* You will not need to adjust your cost basis, but you will need to use Form 8949 to report cost basis and the proceeds for these transactions. Cost Basis. Refer to this cost basis sheet to help you determine the cost basis on your stock plan transactions so you can file your taxes accurately. For the awards above, cost basis is the FMV of the shares when they vested (as well as any additional fees you paid if the stock is sold). Apr 11, 2024 · RSU cost basis adjustment For TY2023, Leave the cost basis as imported from the 1099 even if it’s $0. The W-2 form outlines the income recognized at vesting, but employees must track the fair market value of shares at vesting to establish the cost basis, which is relevant when shares are sold. Different RSU “lots” will have different cost basis amounts and different tax implications as your RSUs vest over time. If you sold 10 units for 2K, your cost basis is still 100/share, and you sold them at an average of 200/share, so you’d pay taxes on 1K of gains. To avoid this scenario, always confirm your tax return accurately captures your RSUs — including the correct cost basis, sale values, and any newly vested shares. Mar 31, 2010 · Re: Cost basis adjustments: ESPP & RSU's Post by Wannaretireearly » Fri Mar 04, 2022 7:58 pm I think i've found the key document on etrade. Plan to talk to a tax advisor to create a strategy for your awards. Understanding tax reporting for stock sales and cost basis (6:28) Additional tax resources Get forms, tools, articles, and other information you need for tax planning and filing. When these shares vest, they become the employee's property, and the fair market value of the stock at that time establishes the cost basis. Feb 12, 2025 · Hi all. Mar 23, 2024 · Check The Cost-Basis Reporting For Company Stock Sales. 00 in taxable income. We built this tool RSU Tax Calculator to help you Calculate Restricted Stock Units (RSU). Feb 18, 2025 · Understanding RSU taxes is key to making the most of your stock compensation. The initial cost basis is generally the fair market value at vesting, but adjustments may be necessary for events such as stock splits or dividend reinvestment plans (DRIPs). Feb 14, 2023 · In your case, because the three RSUs are on your 1099-B, go ahead and report them on your return as you would if you were reporting your personal sale of RSUs. Calculating the Cost Basis of Restricted Stock Units (or Awards) Generally speaking, the grant of restricted stock units doesn’t cause a reportable tax event. A paid preparer can’t perform magic. What year was this? I hate to tell you this, if it was after 2011, while the sell screen showed your cost basis, your 1099 actually showed zero for the RSUs. Jun 10, 2021 · Cost basis (291 shares at $18) plus transaction fee $5 = $5,233. Jan 22, 2025 · Understand how to determine and adjust the cost basis of RSUs for tax purposes, including the impact of withheld shares and additional compensation. 3587 and 13 sold, with their respective cost Yes, you would be double counting income if you entered $0 for the cost basis on restricted stock units (RSU's). Once the RSUs have created value, the employer will report the value of the restricted stock unit as income on your W-2 form. The cost of these Mar 16, 2020 · When you eventually sell these RSUs, that event is then recorded on your 1099-B and you then pay gains (or losses) based on the value you sell the RSUs for minus the $10 cost basis on the date of vesting. In this example, you will show a short-term loss of $11 on your tax return because of the brokerage commission and the SEC fee. This should be listed on your 1099-B from E-Trade, but perhaps not. Mar 11, 2024 · The cost basis for RSUs is typically the fair market value of the shares when they vest. * Example: You had 1000 RSUs vest in 2024 with a total value of $10,000. Supplemental Information Form. Do RSUs affect Social Security and Medicare taxes? Jan 28, 2025 · RSUs and CP2000 Letters. Continue; 2. RSUs you will receive Award Amount ———————— = Number of RSUs You Will Receive Award Share Price For example: if you are granted an award of $5,000 in value and the share price at the time is estimated at $100/share, you will receive 50 RSUs. 41 = 4146. " Which do I report? Obviously, it works out much better if I can use Adjusted Co Restricted Stock Units, or RSUs, are taxed at ordinary income tax rates upon vesting. This value is used to determine the amount of income to report for tax purposes and the capital gain or loss when the shares are eventually sold123. Restricted Stock Units (RSUs) have become a common form of employee compensation, particularly in the tech and startup sectors. 6. Where can I find my cost basis? During tax season, Fidelity will issue two forms you will need with cost basis information: Form 1099-B. Oct 21, 2024 · Cause #2 of RSU Double Tax - Reporting of Cost Basis. To report the sale of shares, you’ll enter or import your Form 1099-B into TurboTax, then manually enter the cost basis. On the next page enter the correct basis in the "Corrected cost basis" box. When filing your taxes, it's important to be mindful of the cost basis you report. If your 1099-B shows $0 or a blank box for your cost basis, you’ll want to review the adjusted cost basis on your The recipient doesn’t have to worry about taxes until they sell the stocks, at which point capital gains taxes may apply. 41. If there’s no purchase required, the cost basis of the RSU is zero. The cost basis is important because it's used to determine the capital gain or loss when you sell your shares, which impacts your tax obligations. Your cost basis is likely the same as the proceeds, and thus, there would be no gain or loss on the transaction. Apr 8, 2024 · The cost basis for Restricted Stock Units (RSUs) is typically the fair market value (FMV) of the shares on the day they vest. Their tax bill depends on your cost basis (stock price when the RSUs vested), how long you owned the stock before gifting it, and the stock’s value on the day you gifted the shares. This seems crazy, but the tax forms that go to the IRS from your brokerage will often show a cost basis of $0 rather than the actual cost basis of your shares. A taxable event does Jun 1, 2019 · My company holds enough RSUs to cover taxes when they vest-but my W-2 income is hit with the total value of all the RSUs (ones released to me as well as the amount used to cover taxes). On 12/7/2023 a total of 141 RSU's vested out of which 42 were withheld for tax purposes leaving me with net 99 units. Your 1099-B might show cost basis of 0 and gain of 6200$. Mar 13, 2021 · The next page says "We notice there's an issue with your cost basis" Check the box for "I know my cost basis and need to make an adjustment. This letter indicates that the IRS found discrepancies in your reported income, often due to incorrect cost basis reporting. 30 RSUs in September 2022 vested. Why It Happens: Brokers report $0 cost basis for RSU sales, leading the IRS to assess taxes on the full sale amount. Jan 10, 2025 · Cost basis is the fair market value your company assigned to the shares at vesting. So, my brokerage account would say my cost basis is (20-8)*10= $120, but TurboTax is calculating my basis as 8*10= $80. Receiving a CP2000 letter from the IRS is a common issue for RSU holders. A wash sale occurs when you sell a security at a loss but establish another position in an identical (or substantially identical) security within a 61-day window (called the wash sale window). You could actually have sold 500 more shares from the 4/1 lot to cover the taxes on the 7/1 and 10/1 lots and taken a larger loss and still had the same number of shares in the end. To name just one example, 50 RSUs vesting on April 1st with a $100. Don't make it anymore complicated. I've Mar 14, 2022 · When you receive RSU shares, your “cost basis” in those shares is their market value on the day you received them. Jul 14, 2021 · We don’t do RSUs at c1 so bear with me. The $10,000 will be included with your regular wages in box 1 of the W-2 and taxed as ordinary wage income. However, the Adjusted Cost Basis is non-zero. Do RSUs affect Social Security and Medicare taxes? Jan 6, 2025 · As we mentioned above, several factors can affect your cost basis calculation. Unlike an RSA, no company stock is issued at the time of an RSU grant. Cost basis is the tax accounting method used to keep track of the value of shares you’ve already paid tax on in part one above, and it’s used to calculate gain or loss on shares when you later sell them. Feb 4, 2025 · RSU Income is Not Reflected as a Cost Basis. Further explanation: My employer sold 400 shares of company stock @ $100 per share ($40,000 total) and paid to me as my year’s RSU indicated at block 14 of my W2 form. Mar 25, 2020 · How do we adjust RSU cost basis while filing tax returns? The process is much simple to adjust RSU cost basis. The unit price on the day of vest was 29. 13 sold at $90 as “sell to cover” with cost basis of $90 . Mar 15, 2020 · When you eventually sell these RSUs, that event is then recorded on your 1099-B and you then pay gains (or losses) based on the value you sell the RSUs for minus the $10 cost basis on the date of vesting. Feb 2, 2025 · Accurate cost basis adjustments are vital for proper tax reporting of RSU transactions. Feb 15, 2023 · The per share cost basis of your RSU's in any lot is the compensation created by the vesting (which is reported on your W-2) divided by the GROSS number of US En United States (English) United States (Spanish) Canada (English) Canada (French) Mar 29, 2023 · The full value of RSUs are taxable as compensation (W-2) income when they vest, which sets your cost basis for capital gains/(losses). One important factor is what is known as a wash sale. ” Correct Cost Basis. I am little confused on how to find my cost basis for the RSU that I sold last year. Check with your employer for the 3922. The cost basis for stock options is usually the exercise price plus any brokerage fees or commissions. Mar 13, 2023 · Your original cost basis for all 40 shares was $527 (numbers are rounded to the nearest whole dollar amount); however, your adjusted basis for Transaction 1 reflects a per share cost basis of $549 and for Transaction 2, the adjusted per share cost basis is now $571. Which is incorrect. You can find this info in the cost basis column on a supplemental form provided by your brokerage, or by following these tips. The 1099-B provides no cost basis. sisrpuq qpybvg jjy gshkoc diofcmsy mhwliks dbgtjll zcmwmx bzmxaay jntvzm ssti awgdi fvkp zpkjnrw zwqsl