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Fidelity 1099-B
Hello Community! I just imported my 1099-B from Fidelity and it reports sales from my employee stock purchase plan. I have imported these sales the last few years and the tax bill naturally rises because the sales post showing a zero dollar cost basis. Same happened this year. In past years, when I enter the cost basis for the stock, the tax bill lowers because it was not a 100% profit. This year (2023 tax year) the tax bill actually went up after entering the cost basis. I feel like I am not checking the right boxes, or missing something.
Can anyone shed some light? Thank you!
‎February 26, 2024
6:54 AM