Hey thanks a bunch for the reply I really appreciate it. So the day the 20 shares vested it was worth 58.90x20=$1178. 7 of the 20 shares were taken out to cover the taxes at the time it vested. I sold the remaining 13 shares two days after it vested at 58.61x13 = $761-19(fees)=742(box 2a). So I am correct in putting $1178 in Box 3 for my Basis? Also do you know by any chance if I have to file an 8949
http://www.irs.gov/pub/irs-pdf/f8949.pdf ?
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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. Hope this helps!
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