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Investors & landlords
Hello, I read through all the posts. I was unable to find the correct solution.
Cost Basis is 0 for sell-to-cover in 1099-B
Should this be adjusted manually to equal the Proceeds?
Even if I delete the import & manually enter, I still have the same issue, which is "What is the cost basis?"
I didn't sell any, they were sold to withhold taxes (all proceeds went to IRS and I presume my W2 box 2 includes this total proceeds). By reporting this as gain with cost basis 0 - makes it look like you are paying taxes again.
March 24, 2024
9:42 AM