Spouses W2 box 12c reports FMV of all shares released on vesting dates. I understand this is the value of all shares being reported as ordinary income. He had shares with-held and sold the remaining net shares. The 1099B under Short-term noncovered securities reports the net shares with Gross valued at FMV time of sale and cost basis at FMV time of release. By entering the data as is, am I correctly reflecting that shares were with-held but we owe money on short-term capital gains?
Also, 1099B in short term Covered securities shows what appear to be reinvested dividend shares. The cost basis is the same as reported on a 1099DIV as ordinary dividends. It seems like double taxation. Not sure how to enter the 1099B portion.
