The 1099-B and stock sold must be reported. You received credit for paying taxes so it was income for you, You owned the stock, sold it and for a brief second you had the income and then it was whisked off to the federal government as taxes paid.
I don't see if this is RSU or ESPP or one of the many others. If it is RSU, the whole basis should be in your box 1 wages. If ESPP, you would have a portion you paid plus a portion received as compensation for the basis. There are many options for the type of stock which affects the basis.
A short term sale can even cause a small loss due to the fees paid to sell the stock. Find out what kind of stock you have, how much you paid and how much the employer added to your w2 box 1. We have a lot of great investment articles and one of these is right for helping you.
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