Married filing jointly
Bought a house in 2018 (was renting before)
No rental or business income, RSUs only
Lived in Bay Area whole year
TurboTax says I owe 25k federal because I didn’t withhold enough.
- Apple DwigtShrutIf you sold any RSUs in 2018, check if the cost basis had been reported - sometimes it isn’t reported automatically and you need to manually enter it.
- True for whatever reason. All the software I've ever used fails to import cost basis. But the truth is trump changed the withholding requirements. Now they are low enough that a lot more people will owe who use to get refunds. Also you can no longer deduct property interest and state tax at the same level.4d1