4 ms·
This article misses the main "gotcha" for me with RSUs. A vesting event counts as a purchase for purposes of determining whether it was a "wash sale" (selling
by fatnoah 3y ago
This article misses the main "gotcha" for me with RSUs. A vesting event counts as a purchase for purposes of determining whether it was a "wash sale" (selling and then re-buying) or not. Not knowing this added insult to the injury of selling previously vested shares at a loss, since a big chunk of the potential loss deduction wasn't allowed.
- PopAlongKid 3y agoThe loss wasn't allowed in the current year, but it was added to basis of the remaining stock, so eventually the lower tax still happens.
- fatnoah 3y agoGood point, though the result of my clever maneuvering is having to deal with a loss carry forward for a long time due to the amount involved. I guess the bright side is that when I finally have some capital gains to report when I retire, I'll have something to offset them as the amount is large enough that the capital loss deduction allowed for ordinary income won't even be close to depleting it when I hit retirement age.