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P
PSG2020
February 16, 2025
Question

1099-B PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS

  • February 16, 2025
  • 1 reply
  • 0 views

Hello,

My employer gives an option to sell a portion of RSUs to cover for taxes. The broker has sent me this form 

1099-B PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS with

Long Term - Noncovered Securities

Cost basis is given as NOT ON FILE since the broker sells my existing stocks to cover for taxes.

 

What cost basis should i use 

 

    1 reply

    R
    RobertB4444
    February 17, 2025

    The units that you are selling should use a basis equal to the value of the units on the date they vested.  That may require a little research on your part but the acquisition date should be available on the statement even if the basis is not.

     

    @PSG2020 

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