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1099-B vs W2
I see that my stock transaction shows that Federal, State, Medicare, and SS Taxes were withheld - so my W2 includes all the income and taxes for that transaction. After I filed my taxes, I received a 1099-B from my brokerage firm and it shows an accurate cost basis and proceeds. When I subtract my basis from my proceeds, it shows the income I received. But box 4 of the 1099-B says $0 Federal Income Tax withheld. So during amending my return (2022), when I add my 1099-B info as it exists on the form, it appears that I had income and no Federal taxes withheld. It adds the same income from this transaction that is already included in my W2. So the result is that I owe the tax (again). Wondering how to resolve this...
March 6, 2023
6:28 AM