In your question, you stated, "1099 the basis given for the stock", so if you did get a 1099-B form, it has to be reported on your tax return.
Since the gain on that stock sale was included as income on your W-2, to avoid double taxation:
- You will need to change the stock basis on the date of the sale, to the price on the date of sale.
- The result is zero gain or a minor loss due to brokers commission/fees.
- To enter your 1099-B, click here for instructions.
[Edited 04-10-2023|6:20 AM PST]
@Ike I
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