Quote:
Originally Posted by jwasbury
Sammy,
How that usually works is the "grant" that matures as you phrase it, is fully included in your W-2 as wage income, subjected to income tax withholding, FICA, medicare, etc. The sale of the stock is typically also reported as income to you on Form 1099-B (gross proceeds from sale of stock). You need to report those gross proceeds on Schedule D in your 1040 regardless of it being a duplicate of income reported on your W-2, but your basis in the stock is equal to the income included on your W-2 and in an immediate sale case you describe, there should be virtually zero gain or loss on the stock sale and therefore no double taxation.
Hope that's helpful.
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I believe you nailed it perfectly.
But then again it all makes my head hurt.
Thank goodness for experts.