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>4) From a tax filing perspective, RSUs and ESPPs can be a PITA. In my experience, tax software and general tax filing services often don't know how to correctl
by fatnoah 7y ago
>4) From a tax filing perspective, RSUs and ESPPs can be a PITA. In my experience, tax software and general tax filing services often don't know how to correctly record the cost basis, which means you end up getting taxed twice if you don't know what you're doing.
Oh boy, this is a thing I have to watch out for every year. Even better are the inserts that come with my tax statements from the brokerages which state things in a very confusing way.
- toast0 7y agoThere was a time where some brokerages would report ESPP correctly and some wouldn't. Thankfully, the IRS stepped in and mandated consistent reporting; unthankfully, they mandated that brokerages consistently report ESPP incorrectly.