1099-b

Forum|Forum|3 years ago
February 23, 2023
2 replies
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I have a 1099-b and show 1d proceeds as $9011 and gains of $9011. Do I have to claim this on my taxes even though I didn't sell these stocks from my employer yet?

AmyC

Employee

My guess is that your employer sold a few shares of your stock to cover taxes which means you need to enter the stock sale. Check to see if this income is already included in your w2 box 1 wages. If so, the basis is the same as the sales price.

Otherwise, you will need to tell us more about the stock or see About Form 8949, Sales and other Dispositions of Capital Assets.

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Mike9241

another way that may better reflect the actual cost basis of shares sold is compensation added to W-2 for the exercise divided by the gross number of shares received times the number of shares sold.