Hello, What you have sounds like the standard way of carrying out an RSU vest, including specifically, a "sell-to-cover" event.
1. Cost basis should be available in your Schwab website. I know you said it isn't, but I'd encourage you to call Schwab if you can't find it. Think about it this way: Schwab needs it to compute and report your gains when you (eventually) sell these, so they do record this info. What do you see under "unrealized gains" in your Schwab account? 2. Could you post an example of the transaction where the double entry accounting is not adding up? On Wednesday, August 3, 2022 at 9:45:53 AM UTC-7 George wrote: > Hello All, > > I work at a company that pays me in part with RSUs. The vesting process is > "sell for tax", and looks a little like this: > > > 1. N shares are vested in the current vesting period. > 2. To pay taxes on my behalf, the company takes N shares, multiplies > it by the fair market value (FMV) to get my taxable income T. > 3. The company then calculates my tax liability based on T. > 4. Based on my tax liability, the company sells S shares at price P. > Note, FMV != P. I am left with N - S = R shares, my remainder. Sometimes a > little cash is left over and that is left in my brokerage account as cash. > 5. The R remaining shares are deposited into my account. > > While this approach is similar to the vesting example in the beancount > docs <https://beancount.github.io/docs/stock_vesting_in_beancount.html>, > there are some questions that make it not directly applicable. > > > 1. My company does not tell me what the basis price for R is in my > account. The example in the documentation has 131.3700 as the price of > the stock > > <https://beancount.github.io/docs/stock_vesting_in_beancount.html#conversion-to-actual-stock> > > when it is converted from RSURefund dollars into HOOLI stock. > Unfortunately > this number is not available in any documentation (statements, CSV > exports, > website) that my broker Schwab provides me. Additionally, my > HR/compensation people at my employer have not been helpful in answering > this question. > 2. I get a pay stub for the tax paid on my RSUs. The problem is that > the income from the RSUs is not the actual sale price, it's the FMV. Since > FMV != sale price, there is another opportunity for my double entry > accounting to not add up. > > In general I'm hoping that others can share how they handle ambiguous > situations like this. I have searched far and wide and found nothing. > > Thank you. > > -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/4e59007c-9c52-4c23-bd25-76226090b552n%40googlegroups.com.
