Your adjusted cost basis is the exercise price, which should be the amount on your 1099-B plus the bargain element, which is the amount reported in Box 12 -V. You have to adjust the cost basis of the stock as shown on your Form 1099. You will have to enter the 1099-B to account
for any capital gain or loss as well as adjust the cost basis to reflect the
amount reported on your W-2. To enter your 1099-B, go to:
- Federal
Taxes
- Wages &
Income
- Investment
Income
- Stocks,
Mutual Funds, Bonds, Other
- Answer Yes you received a 1099-B
- Do not enter your
broker-dealer name and download your 1099-B, instead,
- Click on "I'll type it
in myself"
- Enter your Broker and click Continue
- Indicate the type of trades
you have on your 1099-B (A, B, D, E, X)
- Enter the details of your
transactions as reported on your 1099-B THEN
- Check the
Box for "This sale
involves an employee stock plan (including ESPP) or an uncommon situation". Additional
information will appear. Click on Start Now
- Indicate "I have sales
from an Employee Stock Plan, including ESPP, NQSO, ISO, RS, and RSU"
- Follow the instructions for
the type of employee stock plan you have. Additional information on
these plans is available by clicking the blue Learn More link
[Edited 04-11-2019 | 5:40 EDT]
