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Open guide to equity compensation

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656 points mooreds | 1 comments | 13 Apr 25 19:13 UTC | HN request time: 0.001s | source
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wyldfire ◴[13 Apr 25 21:52 UTC] No.43676129[source]▶
On this April 13 in these United States, I can't help but think of the incredible inconvenience of how RSUs and shares sold seem to be calculated for the sake of income taxes. Please just add it up and send me the bill. I don't want to pay more than what's due. And I don't want to cheat. For whatever reason, the typical tax interview software guesses wrong or has insufficient inputs when I feed it info from employer + brokerage. So what remains feels like guesswork with liability on both ends.
replies(2): >>43676287 #>>43683051 #
1. lopkeny12ko ◴[14 Apr 25 16:27 UTC] No.43683051[source]▶
> Please just add it up and send me the bill. I don't want to pay more than what's due. And I don't want to cheat.

I have a hard time understanding this comment because this is exactly what employers do when paying out RSUs.

At the end of the year, you get a 1099 indicating the fair market value of shares you've received. There's no trickery here--this is literally the amount you owe income tax on.

I'm not sure what tax software you're using that requires you to guess inputs and numbers. TurboTax makes this trivially straightforward.