Retirement tax questions
To make this simple, you only need to be concerned about the income of $1,497.61 reported on your W-2 form for the value of the stock. That amount was included in your wage income. So, when you enter the form 1099-B, you need to list that as the cost basis for the stock sale.
You will see an option to adjust the the gain on sale of an investment when you enter the 1099-B information in TurboTax, just adjust the gain by decreasing it $1,497361 as follows:
