RSU Taxation

New
mBDb76

New

mBDb76
Mar 24 8 Comments

I received RSU vestings in last 2 years, whenever I received RSU, they deduced taxes and then remaining amount showed up in my stock account.

Now, I have taken money from that company stocks account and moved it to my personal bank.

Do I have to pay tax on that again? Do I need to report in the tax return. Bit confused here...

TC 300K

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 TOP 8 Comments
  • Apple
    aWVt68

    Go to company page Apple

    aWVt68
    If you sold it then you pay taxes on any gains from the date it vested till the day it sold. Say you got it for $100 a share and sold it at $150 you will pay tax on the remaining $50
    Mar 24 0
  • New
    mBDb76

    New

    mBDb76
    OP
    I got the actual gains from another form, so thanks for that!

    Also, after I sold those stocks, I purchased another EFTs, and lost $8k to $10k this year, do I need to report the loss this year, or should I just report the capital gains last year I had, for 2021 tax return.
    Mar 24 2
  • New
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    New

    << endl;
    Oh boy, you are confused. Happy to explain it to you, but frankly you should get an accountant. That way you can be sure you don’t over or under pay — one would be a shame, the other can be a pretty big hassle if they come after you.
    Mar 24 0
  • “I have taken money from that company stocks account” = are these words supposed to mean that you sold the stocks? If so, see the relevant responses above. You should have relevant tax documents from your broker showing any taxable gains.
    Mar 24 0
  • Oracle
    ABCDFU

    Go to company page Oracle

    ABCDFU
    If you sold all stocks on vest and moved $ to your account then NO. If you kept the after tax RSUs and sold them later, moved $ to your account—then is the question of gain/loss
    Mar 24 0