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Investors & landlords
Thanks for quick reply. The taxes paid are not reported on 1099-B. It only shows the "gross proceeds" amount in 1d.
I have to assume that taxes paid were included in my W2 since the brokerage trade confirmation shows that (attaching snapshot - CHF currency since Swiss company). Based on instructions on TurboTax's "additional info" screen I should probably not report these tax amounts since they are not part of 1099-B, correct? Instead I should put the SSAR dollar amount as reported in W2 income (which is almost same amount as the "gross proceeds" in 1099-B) and report that in "corrected cost basis" section? That would essentially net out almost a 0 gain/ loss (ignoring the trade commission costs of the 34.44 CHF you see in attachment - which I could perhaps put in "sales expense" section and make it a perfect 0 gain/ loss).
Also, this was just an illustration since I have about 20 such trades. Guessing I will have to manually calculate the fractional cost basis for each transaction and report them 1 at a time.