Tax Preparation Software For Restricted Stock Units
Feb 1st 2012, 1:51 am
#1
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Joined: Jun 2010
Posts: 2,847
Tax Preparation Software For Restricted Stock Units
Hi All
I couldn't find anything on the forum about this already...
What software would you use (I know, you can't give advice otherwise you'd be sued from one end of Hell to the other and then royally buggered etc)...
... if you had Restricted Stock Units (RSUs) and needed to account for them in your tax return properly?
--- I have a suspicion I paid way too much tax on them this year...
Cheers
Harry The Spider
I couldn't find anything on the forum about this already...
What software would you use (I know, you can't give advice otherwise you'd be sued from one end of Hell to the other and then royally buggered etc)...
... if you had Restricted Stock Units (RSUs) and needed to account for them in your tax return properly?
--- I have a suspicion I paid way too much tax on them this year...
Cheers
Harry The Spider
Feb 1st 2012, 4:57 am
#2
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Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,913
Re: Tax Preparation Software For Restricted Stock Units
TurboTax should be able to handle this.
If you are just dealing with vesting and didn't sell any of the stock you probably don't have anything to do because the value of the vested RSUs will just show up as ordinary income on your W2.
If you sell the stock then you have to figure out the correct basis for the stock (which will be the value that it had when in vested) in order to calculate the capital gain or loss.
If you are just dealing with vesting and didn't sell any of the stock you probably don't have anything to do because the value of the vested RSUs will just show up as ordinary income on your W2.
If you sell the stock then you have to figure out the correct basis for the stock (which will be the value that it had when in vested) in order to calculate the capital gain or loss.
Feb 1st 2012, 4:44 pm
#3
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Location: Herts to CA for nearly 10 years and now MD
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Re: Tax Preparation Software For Restricted Stock Units
We sell RSUs and Turbo Tax definitely has a specific section on this.
You can 'try' TurboTax and see what it spews out in tax payments for you before you have to actually pay for the service (I am thinking that you just pay for the software when you file except I haven't got that far yet!)
You can 'try' TurboTax and see what it spews out in tax payments for you before you have to actually pay for the service (I am thinking that you just pay for the software when you file except I haven't got that far yet!)
Feb 1st 2012, 8:13 pm
#4
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Thread Starter
Joined: Jun 2010
Posts: 2,847
Re: Tax Preparation Software For Restricted Stock Units
We sell RSUs and Turbo Tax definitely has a specific section on this.
You can 'try' TurboTax and see what it spews out in tax payments for you before you have to actually pay for the service (I am thinking that you just pay for the software when you file except I haven't got that far yet!)
You can 'try' TurboTax and see what it spews out in tax payments for you before you have to actually pay for the service (I am thinking that you just pay for the software when you file except I haven't got that far yet!)
Cheers
HTS
