Taxpayer had RSU from his employer. The shares were sold in 2011. The cost of the shares is $8,500. Usually, employer would report it in box 12 and add it to the gross income of the employee. But in the case of this taxpayer, his employer just puts "8,500 RSU" in box 14. Is it safe to assume that this $8,500 has been added to the gross income of the taxpayer in his W-2?
Announcement
Collapse
No announcement yet.
RSU and W-2 income
Collapse
X
-
Originally posted by Questionguy101 View PostTaxpayer had RSU from his employer. The shares were sold in 2011. The cost of the shares is $8,500. Usually, employer would report it in box 12 and add it to the gross income of the employee. But in the case of this taxpayer, his employer just puts "8,500 RSU" in box 14. Is it safe to assume that this $8,500 has been added to the gross income of the taxpayer in his W-2?JG
-
Originally posted by Questionguy101 View PostTaxpayer had RSU from his employer. The shares were sold in 2011. The cost of the shares is $8,500. Usually, employer would report it in box 12 and add it to the gross income of the employee. But in the case of this taxpayer, his employer just puts "8,500 RSU" in box 14. Is it safe to assume that this $8,500 has been added to the gross income of the taxpayer in his W-2?
Comment
-
Originally posted by JG EA View PostIt should be in the the W-2, but I would ask for a year end paystub just to see if the employer did it that way.
Comment
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment