Thank you! I'm a little confused, but hope that receiving the 1099-b and starting a discussion with my HR department will help clear things up. The reason the previous answer made sense is because we asked for an additional percentage to be held back in order to ensure we didn't get hit with a big tax payment at the end of the year. Meaning, we asked for a significant amount more than the usual 22%, which they did hold back. But this additional amount is not reflected on the W-2. So there seems to be some discrepancy. In the statements we can see on our brokerage website, the shares held represent a much higher percentage. So why is this not reported on the W-2? This is why we've assumed there must be something else that we'll see reported on the 1099-b, which won't be released to us for a couple of weeks.
I'm not sure what it means to use the "wrong basis," so I guess we'll have to look into that once we receive the 1099-b. At this point, I am only able to enter our W-2, since this is all I have, and as I said, the amount of taxes withheld doesn't even come close to what I can see on our individual sale statements.
Not sure if this makes sense, but hopefully this at least clears up where my confusion/question is coming from.
