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Originally Posted by SG_E92
Also the 7 shares which were taken to cover the tax total (7x58.90)412.13. If i put that into box 4(federal income tax withheld) my returns goes up by that exact $412 doesn't seem right that I would get all of the tax back I paid on the stock at the time it vested?
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Originally Posted by badazzm
Your basis is whatever the stock was worth on the day you were granted x quantity. Ex:- 100 shares granted worth $25/each. Basis is $2500. You have to report vested stock income regardless if you sell the stocks or not because it's kind of an award. Options are different. Make sure to report the tax you paid on 7 shares. Hope this helps!
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Check box b for basis not reported. There has to be a place where you can check that. Thats weird that you are getting everything back if you put the tax withheld amount but I can't tell until I look at the return. As long as you put that amount of taxes paid in the return, you are fine. Go ahead and file it.