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mcaaron11
February 20, 2020
Question

How do I report ISO sales from E-Trade 1099-B if my employer is already reporting the gains in my w-2 box-1 wages as income? Isn't that doubled-taxed and incorrect?

  • February 20, 2020
  • 1 reply
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1 reply

AmyC
AmyC
Employee
February 20, 2020

Enter the 1099B sales information and then put the W2 amount as the basis of the stock sold, regardless of the 1099B basis.

It is correctly reported on your W2.

 

The 1099B frequently is missing the basis. Often the stockbroker has no idea what your company put into your W2. Which is why you have to fix the basis.

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