DawnC
Expert Alumni

Investors & landlords

You should enter the 1099-B exactly as you see it.    There is a spot to enter less common adjustments for expenses that were not deducted from the proceeds.   Checking this box will add adjustment code E to this sale and reduce the gain (or increase the loss) by the amount of selling fees you enter.

 

 

Most of the time, brokers will report only the sales price net of any selling fees on Form 1099-B, so no further adjustment. (For example, if you sold stock for a total of $5,000, but only received $4,980 because of a $20 sales fee, usually the Form 1099-B will show $4,980, and no further adjustment is needed.) However, if you paid additional fees not reflected in the sales price, check this box and enter the fees you paid. This adjustment is common for real estate sales reported on Form 1099-S. In this situation, the broker fees and other sales expenses are generally not subtracted from the reported sales price.

 

 

You posted a comment on an old thread with a lot of comments, so I am not clear on your question.   If the above does not help you, please start a new thread here and provide some details that are specific to your situation.  Thanks!   @James1227

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