It is not that complex. RSU's or options are pretty straightforward.

Deductions can get esoteric if you sold a bunch of stock. Even then, not that bad.

jandrewrogers a day ago | parent | next [-]

Congratulations on having simple taxes. It can definitely get more complex.

There is a reason Americans spend staggering amounts of time and money on tax preparation. It is simple until it isn’t.

	▲	mulmen a day ago \| parent [-]
		Yes, the reason is Intuit.

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Thorrez a day ago | parent | prev [-]

RSUs are not straightforward: https://news.ycombinator.com/item?id=43676698

And options are worse.

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RajT88 a day ago | parent [-]

All right, I guess I see your point. If you company doesn't handle the complexity, it can be a nightmare.

Where I've worked, they withhold the necessary number of shares from RSU's and it just gets taxed as W-2 income. Then, it shows up with the taxed cost basis in Fidelity so you don't get double taxed when selling shares. It doesn't appear like they have to factor in travel into that equation - that's only for your salary.

As far as options, it was similar where I was receiving them. The only issue I ever had exercising options was when the company whose stock I was trading changed names, and then the IRS suddenly believed all those options were 0 cost basis and wanted a bunch of money. That took two rounds of letters and a call to HR to get sorted out. Granted - laws have changed since then - that fiasco was 18 years ago.

	▲	Thorrez 10 minutes ago \| parent \| next [-]
		>Where I've worked, they withhold the necessary number of shares from RSU's and it just gets taxed as W-2 income. Then, it shows up with the taxed cost basis in Fidelity so you don't get double taxed when selling shares. The same as where I work (Schwab though for me, not Fidelity). However, they don't track wash sales for me. Do they track wash sales for you? From what I understand, federal law tells brokers to track wash sales for regular stock purchases and sales, but not for stock from vested RSUs, but still requires the stock holder to track wash sales for stock from vested RSUs. >It doesn't appear like they have to factor in travel into that equation - that's only for your salary. My employer also doesn't generally track travel for the purposes of taxes. But the state laws say I need to do it and file taxes based on my tracking.
	▲	fragmede 15 hours ago \| parent \| prev [-]
		AMT