I sold shares of company stock awards when they vested. They are in 1099B as short term realized gains. Form 8949 is not populating to show as income on my W2. Help?

Forum|Forum|6 years ago
March 3, 2020
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DianeC958

The W-2 you received for 2019 should show the vested stock awards as income. You then report them on form 8949 if you sold them adding to the basis on your 1099-B the amount that is included in your W-2.

Often the company reports the amount of the vested Stock Awards in Box 14 of your W-2.

How to Report RSUs or Stock Grants on your Tax Return

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jesimpson

My stock capital gains are shown on my W-2. I get a 1099-B form that also shows my gains. So, that's double taxes if I report both in TurboTax. How to resolve?

MayaD

Generally, the 1099-B itself will come with the basis as $0.00. You will need to correct the basis of the sales as you have already paid taxes on the transaction in your W2.

When you enter you 1099-B information you will be asked: 'Do these sales include any employee stock? This includes ESPP, RSU, RS, NQSO, and ISO' Say yes.

Then you will be asked 'What type of investment did you sell?' Select the type of Investment.

Check the box that says 'The cost basis is incorrect or missing on my 1099-B'.

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