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Investors & landlords
If you are confident that the cost basis is correct, you would not need to adjust it. That would be unusual for ESPP shares, but it is possible. I would verify that the cost basis is correct on at least one of the transactions reported on the 1099-B. If the cost basis is incorrect, it most likely is understated which would result in your gain being overstated or loss understated and your paying more tax than required.
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2 weeks ago