[Fidelity] 20 Units but 14 Available
Hi team, this is the first time I try to use my RSUs from Amazon. I have no previous experience with investment. Could you please help me understand this? On December 15th I received 20 units. But when I try to sell them, I can only see 14 units. What happened to the remaining 6 units? I will share screenshots of my Fidelity account:
They were sold to pay taxes
Uncle Sam
Tax withholding, just like your other income from your employer.
lol op just leaning you have to pay tax? Are you fresh off the boat?
Yes most probably a FOB
My friend I live in Brazil so I have plenty of experience with taxes š 27% of taxes on the income + taxes on the products (60% imports) I know that I will have to pay other taxes related to Brazil after selling this 14 units. I was not expecting the platform itself to grab 6 units, which is 1000 dolars š„²
Newsoms dinner at the French Lingerie
Tax
Oh my god! This is A LOT of taxes!!! Insane, Almost 1000 dolars!!! I could buy the last iPhone 15 Pro Max!
Donāt worry. In the end the amount of taxes you pay is same. So if more taxes are taken out of RSU vest then they would reduce the tax bill due from you when you file taxes.