Your restricted stock units (RSUs) vested
Maybe you sold the shares right away, held some for later, or saw shares withheld for taxes. We’ll walk through what happened and how it shows up on your return.
INDIVIDUAL TAX PREPARATION
Tax Preparation for Employees with RSUs and ESPPs
If you sold company stock this year, you might see it on your W-2, your brokerage statement, and a separate statement from your stock plan. It can be hard to tell how those forms fit together. Flamingo Tax & Consulting helps you make sense of the paperwork and file your individual return.
When we can help
You sold shares from an employee stock purchase plan (ESPP)
We’ll review when you bought and sold the shares, the price you paid, and the documents from your employer and broker.
You’re unsure about the cost basis on your 1099-B
We’ll compare what your broker reported with your stock plan records and check whether the cost basis needs adjusting on your return.
You have more shares vesting next year
If company stock made a noticeable difference in your tax bill, we can talk through whether a separate planning meeting to review withholding and upcoming vesting dates would make sense.
What we’ll go over
We’ll start with what vested, what you sold, and what documents you received. For a typical return, that could include your W-2, Form 1099-B, and any supplemental statements from your stock plan. If we need anything else, we’ll explain what to look for and how to share it securely.
When your return is ready, we’ll explain how the company stock was reported and what drove your tax bill or refund.
Common questions
Why does my company stock show up on both my W-2 and my 1099-B?
Your W-2 can include the value of shares treated as compensation. Form 1099-B reports the sale through your broker. Both can be right. The cost basis on the 1099-B may need an adjustment so income already included on your W-2 isn’t counted again as a gain.
What should I save if I sell shares from my employee stock purchase plan?
Keep your W-2, Form 1099-B, and any supplemental statement from your stock plan. If you receive Form 3922, keep that too. The purchase and sale dates, the price you paid, and the plan details help determine how much to report as compensation and how much as a capital gain or loss.
Book a consultation
Tell us what kind of stock plan you have and what happened this year. We’ll talk through what you need help with and whether Flamingo is a good fit.