AmyC
Expert Alumni

Deductions & credits

You need to enter the 1099-B and adjust the basis if necessary. You received 271 shares  at $xx. Determine the price per share. Multiply by 88 to get your basis for the shares sold. Keep great notes.

 

I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s. This will protect you down the road as proof of your basis in your various investments. As you go through life, rollovers, RSU sales, and more will be captured for you. This can be digital or paper.

 

 

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