Any guidance on how to track RSUs in Quicken2008 (or any other version)?
TIA,
Any guidance on how to track RSUs in Quicken2008 (or any other version)?
TIA,
I posted about this a few times over the years. Here is a copy of my best shot at this problem. I am writing about Microsoft Money, but I believe that this method applies to Quicken as well.
I will be finding out soon enough, since I am switching back to Quicken in 2010!
I believe that on the day your RSUs are vested (deposited to your account) a taxable event occurs. Your employer witholds income tax immediately. The cost basis of the vested shares is the market value on the day of vesting. And, you should receive paperwork documenting these numbers.
I modeled the above assumptions in MS Money as follows:
(In the above two steps, include any brokerage fees and SEC fees. Do not include inclme tax, social security tax, etc.)
If you do all of the above, I *think* that you will correctly record your taxable salary, your tax witholding, and the cost basis of your shares. I have to admit that I find tax computations to be confusing. I hope that I got it right.
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