Thanks. Got 1099-B showing stock option buy / sell simultaneously with a capital gain. This is what will be reported to IRS with gross proceeds, cost basis and that capital gain. However, because it’s a short term gain, this gain was immediately transferred to my company as ordinary income and included in a payroll check with all taxes taken out.
A 1099 Supplement was included with the 1099-B showing the adjustment of that gain being removed to zero it out since I already got taxed on the gain. This supplement is not reported to IRS so I have to make the adjustment in column g to remove that gain (believe it will be the negative of the gain amount?). I then don’t know the code to use in column f (since the gain is actually incorrect then thing “B”?).
