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Pioneer
Posts: 1
Registered: ‎03-23-2017

RSU - Requesting help with the tax reporting

I am trying to report Cost Basis correctly and hoping someone can look at this and tell me if I am correct.  This doesn't include the shares sold at vest to pay for taxes (should those be included?).  This information is from my Advice of Sale

 

Cost Basis = $23.79 x 59 = $1403.61-$2064.91 = $661.00 total cost basis or is my Cost Basis just $23.79?

 

Grant Date 04/17/2008
Vest Date 04/17/2010
Cost Basis $ 23.79
Sale Date 07/18/2016
Shares Sold 59
Sale Price $35.03
Total Sales Proceeds $2,066.77

Brokerage Commissions $(1.77)
Transaction Fee $(0.09)

Net Proceeds $2,064.91

 

Thank you.

Highlighted
Tax Pro
Posts: 5,348
Registered: ‎02-23-2016

Re: RSU - Requesting help with the tax reporting

Hi just_me,

 

Welcome to the H&R Block community.

 

You're kind of on the right track.

 

Your total cost basis in the sold stock/securities (and the figure that you'll want to report) is $1403.61 ($23.79 x $59).  Your proceeds are $2,064.91.

 

When you enter these two figures your taxable amount will be $661.30 which is your gain.

 

If you have any other questions I'll be glad to help.

 

Louis,

Senior Tax Advisor (Tampa, FL)