Hello!
I have read many forum posts on how to enter RSUs into MyTax or how they're taxed in general, yet seem to be getting conflicting or non-relevant information.
I'll eplain the scenario and hopefully it provides a clear picture.
My employer (US based), granted me a number of stocks in 2020 which vest at various dates throughout 2021 and beyond.
I did not pay anything for these shares and had virtually no cost in selling them as i will explain below. I am also a resident for tax purposes.
I sold two batches of shares and for illustration purposes i'll explain the timing and mount:
100 shares vested in February 2021 and i sold them in May 2021. The shares vested when the market price was $17 USD per share and i sold them at $16 USD per share. The brokerage firm that i sold through did not withold shares or taxes. This means when i sold, i received $1600 USD, converted into AUD, into my ANZ account.
85 shares vested in May 2021 and i sold them in May 2021. The shares vested when the market price was $16.27 USD per share and i sold them at $16.05 USD per share. The brokerage firm that i sold through did not withold shares or taxes. This means when i sold, i received $1,364USD, converted into AUD, into my ANZ account.
The questions i am trying to figure out are:
1- How would this be entered into MyTax? My employer does not prefill RSU tax info and the onus is on me.
2- What am i actually claiming as income?
I really appreciate any help i can get :)
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