No, the value of the stock when received is what is reported as 'Other Reportable Income'.
The sale is reported as follows and the amount reported as income ('Other Reportable Income) becomes your stock cost basis. This means you pay tax on the value of the stock received and that becomes your stock cost when you sell.
Next if the stock was sold you enter the sales as follows:
- Search (upper right) > type schedule d > use the Jump to... link select
- Select ..type it myself or you can choose to import if you have a 1099-B
- Your cost basis is the amount you reported as income (2021 and 2022 if all stock was sold)
If, at the time of the sale, there has been no increase in the value of the stock then it could be a zero gain or loss.
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