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June 6, 2019
Question

Where do I enter a 1099-B Ordinary Income adjustments for the sale of ESPP stock?

  • June 6, 2019
  • 1 reply
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My 1099-B shows a cost basis of $490.84 for the sale of an ESPP stock, but I have a Supplemental Information document that shows Ordinary Income of $86.61 and Adjusted Cost or Other Basis of $577.45.

1 reply

Employee
June 6, 2019

To enter your corrected cost basis, follow these steps. In the investment section for 1099-B: 

  1. Select to enter your information by transaction. 
  2. On the next screen, you'll enter boxes 1a-1e. 
  3. Directly below these boxes, click the blue button to enter additional Info about this sale, "I'll enter additional info on my own."  
  4. On the next screen, you'll have the option to enter corrected cost basis which is where you can enter your correct amount.