MarilynG1
Expert Alumni

Investors & landlords

Did you receive a 1099-B?  If not, the Realized Gains on shares sold for taxes are reported to you employer (to be added to your W-2), so you don't need to enter this info in TurboTax.

 

If you did receive a 1099-B, when you entered it did you enter the correct Cost Basis?  The 1099-B often shows $0 Cost Basis, as the broker may not know what the FMV of the shares were when you vested.

 

If this applies, go back to your 1099-B entry and indicate 'cost basis is incorrect' then enter the correct Cost Basis. 

 

When you enter your 1099-B you can say NO to 'employee stock' if you know your cost basis, and you won't need to go through the exercise in TurboTax of calculating your vesting income.

 

Click this link for more info on How to Enter 1099-B

 

 

 

 

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