Can’t figure out it by myself. Please help! 1. RSU got vested then Etrade sold something and as I thought it was fees + taxes. 2. W2 from the employer has category RSU in the box 14 3. And now I have 1099-B that says the amount from point 1 wasn’t reported to IRS Do i need to add 1099-B (point 3) to my filing considering points 1 and 2?
W-2 captures the income and tax withheld at vest. 1099-B captures the sale of shares, including sell-to-cover sales. E*trade reports a zero cost basis for shares from RSUs, so make sure you adjust that cost basis.
Just a caution, if your basis has not been reported to the IRS, you can expect a future scary tax bill from them because they think you didn't pay taxes on the vested income. Easy to fix, but better to get it right the first time.
File 1099-B but make sure to adjust/correct your cost basis.