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🧾Stock Tax Tip
For years, I've seen teammates pay double taxes on stock grants. And *many* individuals & tax advisors prepare it incorrectly. ☹️
If you're fortunate enough to have sell-to-cover Restricted Stock Unit (RSU) grants – this probably needs adjusted.
Here's the fix:
For years, I've seen teammates pay double taxes on stock grants. And *many* individuals & tax advisors prepare it incorrectly. ☹️
If you're fortunate enough to have sell-to-cover Restricted Stock Unit (RSU) grants – this probably needs adjusted.
Here's the fix:
There may be a tiny caveat in your broker's documentation suggesting you will be double taxed. I heard it was due to a rule change in 2014 (sfgate.com/business/netwo…).
Pictured: the single note in an eTrade PDF.
The impact can be several thousands of dollars overpaid each year...
Pictured: the single note in an eTrade PDF.
The impact can be several thousands of dollars overpaid each year...
So here's how you get the right info using Excel!
These steps are for eTrade, but can be adapted for another broker.
Step 1⃣: Download the tax year's full gains & losses as a CSV.
Stock Plan > My Account > Gains & Losses > [tiny] Download button
These steps are for eTrade, but can be adapted for another broker.
Step 1⃣: Download the tax year's full gains & losses as a CSV.
Stock Plan > My Account > Gains & Losses > [tiny] Download button
