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Deductions & credits
Thanks @MaryK4
Follow up, and hopefully finally question.
My 1099b has two line items. One for employee, one for employer contributions.
They matched 50% up to 6%.
My contributions were $10k, no discount. Their contributions were $5k.
So their contributions... I technically didn't pay for. Their contributions are also listed on my W2 in box 12b - marked 'D'. The number is very close (not identical) to the cost basis ... so I thought this was that, but it might be my 401k?
With this said, do I enter adjust cost basis at actual cost, or go with $0, for the employer line item on my 1099b? (Note that the cost is NOT on the 1099b and I had to retrieve this from the brokerage).
Thank you
March 24, 2023
3:55 AM