junzhu98
New Member

Investors & landlords

I studied pay slips and found that the Proceed amount is included in taxable income in W2 form.  

Federal income withheld is also included in taxes withheld amount shown on W2 form.

So 1099-B form is a little bit misleading.

I think the right way to fix this is to report cost basis as the same value as the Proceed, so the net is zero.