- May 1, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Help with RSU and ESPP Stock Tax
Hi all,
I need some help on my RSU and ESPP stock tax situation. I was given a significant amount of RSU and ESPP stock, which I sold all at Mid Fed this year and received a good amount of return. However, I am concerned because I believe my employer did not deduct tax from them, so I think I should file an income tax form on my own.
Unfortunately, I couldn’t find anyone in a similar situation to seek advice from, so I am reaching out to this community for help.
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****** just grabbed a
I’m in this situation. Easy answer. ACCOUNTANT
You have to pay income tax on the amount you were given (let’s say $10k you pay tax on the $10k as if it were cash (ie at 33% tax or whatever) and if they were over $50k you’ll need to pay tax on the gain too. Im pretty sure if it’s under $50k you don’t have to. But I’d get an accountant if I were you.
Edit: didn’t know things have changed since I was granted RSUs so the above is out of date. I did find ird was helpful at the time so that’s also an option, if an accountants not.