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Investors & landlords
Thanks Tom. What's still confusing me is that my 1099 form reports on only the shares sold for tax purposes. For example, let's say I had 20 shares vest, and 8 were sold for tax purposes (same-day sale). Say they sold for $10 per share. My 1099 is saying, proceeds of $80, cost basis of ~$80 for the 8 shares "sold". I continue to hold the remaining 12 shares. Are you saying that when I enter this transaction in TT, I enter $80 for proceeds, $80 for cost basis (or exactly as the form states), and then on adjusted cost basis I put in $200 for the gross amount?
‎June 6, 2019
2:13 AM