AmyC
Expert Alumni

Get your taxes done using TurboTax

2019 So 26 shares- 10 sold to cover taxes leaves 16 shares in your portfolio.

Cost basis $412 on 1099B-  which is often wrong because the employer may not have shared that they were upping your income.

FMV $650 which matches the W2 income.- Winner

The correct cost basis will be $650 plus any sales expenses.

To determine sales expenses, find gross proceeds minus net proceeds for that transaction.

 

New basis = 650 + expenses.

 

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