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RSU

Paulo
Level 1

RSU reporting: Taxpayer received 1099-B (Apple), Non-Covered Long Term Gain with no cost or basis reported. TP also received a Supplemental info on stock plan transactions that reported ordinary income that had been previously reported on W-2 and taxed thus providing basis. Can I use the basis reported on the supplemental statement as the adjusted basis or do I need to report all the grant date and holding period information as found on the 1099-B, Part III worksheet-Employee Stock TX Worksheet, Part VI (vesting dates etc.)?

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1 Comment 1
itonewbie
Level 15

RSU may be delivered in stocks or cash.  You need to check how it was settled either in full or in part.  Basis for RSU settled in stock is established based on FMV captured as compensation on the W-2.  That's when holding period will start.  You should be able to find all the details from the supplemental statements as well as grant/vesting documents provided by the employer.  Everything should reconcile to the comp breakdown for the W-2.

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