On Wed, Aug 3, 2022 at 12:45 PM George <[email protected]> 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. > > I'm surprised FMV != P. The brokers should have handled all of that atomically. In any case, I assume you have the cash amounts and numbers of shares for both the vesting at FMV, and P sold for covering taxes? > > 1. 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. > > I believe your basis should be FMV at the time of vesting. That's also your income. If P != FMV, you'll have to report a gain/loss of (P-FMV) - this sounds annoying. > > 1. 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. > > That sounds correct. The FMV is your income, and sets the cost basis of those shares. I'd like to hear more about FMV != P... > 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/d7682d15-f64d-4da8-96ee-fe4d40d7b169n%40googlegroups.com > <https://groups.google.com/d/msgid/beancount/d7682d15-f64d-4da8-96ee-fe4d40d7b169n%40googlegroups.com?utm_medium=email&utm_source=footer> > . > -- 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/CAK21%2BhP%2BoOLb__RQQ0%3DWOYDrA0%3DymZTXU2teDm3nK%2B5C%2BBS4PA%40mail.gmail.com.
