I am getting confused in TurboTax. I have RSUs that vested in 2 lots. The first lot I got 83 shares and sold 36 to cover tax, and in lot 2 I got 20 shares and sold 9 to cover tax. I reported both of the sell to cover transactions as Investment Sales in TurboTax. I entered the sales in manually and chose “RSU” as the type of investment. Then, I was asked to specify which vest lot I sold the shares from. For example, in the instance where I sold 36 shares, I had to say that I sold the shares from the vest lot where I got 83 shares; but it’s the same lot that I’m reporting the taxes sold on! Is that the right way to do it? I also enter new lot information for every single RSU Investment Sale that I create in TurboTax.

Is entering Investment Sales in TurboTax equivalent to filling out a Schedule D? Do I need to report the total number of shares I was granted anywhere besides in the “vest lot information” section for a specific Investment Sale?

After I enter all my investment sales, TurboTax shows me the “Your Employee Stock Plan Results” page and shows me an amount calculated which is 3x the amount listed in box 14 of my W2. How is it calculating this amount? What have I done wrong?

(1) If I get say 1000 RSUs this year @ $10 and the company witholds 100shares for tax, 900 are deposited in my account. The totals show as $10K Income and $1K tax already on my W2. If I do not sell any there is nothing for me to do. Correct?

(2) If I sell 100 shares in the same year at say $11. Then I need to understand the cost basis. which is 100*$10 or $1K so I will realize a gain of ($11-10)*100=$100. TT asks how many were granted, If you put in the original 1K RSUs looks like you will be double taxed. If instead if you put in (in this case) 200 RSUs noting 100 were for taxes it leaves the 100 shares to be used as the cost basis. Is this line of thinking correct?

(3) If you sell additional 150 shares in a following tax year at $12, then in this case you don’t have to put in the number of shares sold to cover taxes since they were paid the previous year. In this case I would enter 150 shares with zero entered to cover taxes, using the sale of $12 plus the date of vest from the previous year with the original $10 price paid to calculate cost basis. Is this last one correct?

Thanks in advance for your response

talked to our plan administrator and turns out it is indeed Net Issuance….my questions are now answered, thanks!

The “Restricted Award Transaction Advice” notice from the account servicer lists the line-items as “Shares Withheld for Taxes”, “Total Net Shares Issued”, and “Total Net Cash Proceeds”…maybe we use a the Net Issuance you described and not Sell-to-Cover? I’ve heard something about the company using stock they hold in our corporate treasury for purposes of meeting stock grants, so perhaps they are netting it out, transferring shares to me, and paying the tax portion with company cash? This stuff gives me headaches!