In this video we go over an example of a taxpayer that sold Restricted stock units (RSU) and Employee Stock Purchase Plan (ESPP) (Disqualifying disposition – short term capital gain & Qualified disposition Long Term Capital Gain) and how to report the sales on a tax return. This specific example the Stocks were held within an Charles Schwab account, so we go over the specific documents you need from Charles Schwab to report the sale, and basis of the stock properly. We end with how to get this done on TurboTax

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00:00 Intro
01:07 Documents Needed
01:50 W2 Analysis
04:07 IRS Form 1099B & Stock Plan Transaction Supplement – Analysis
10:26 Conclusion of how to report ESPP and RSU on tax return
10:41 How to report sales of ESPP and RSU in TurboTax
16:18 Schedule D & IRS Form 8949


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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#RSU #ESPP #turbotax