@TomYoung @RobertB4444
Can you help me out? I received a single stock certificate from my ESOP distribution when I left my former employer. I deposited the stock certificate in my TD Ameritrade account immediately afterwards and sold a number of shares. The remaining unsold shares are still in my TDA account.
My situation is like this (numbers for demonstration purposes only. not actual figures):
9000 shares issued. Share price at time of issuance = $10.00
Sold 7000 shares at $11/share a few days later.
2000 shares remain in my TDA account. Current market value = $5.00/share
1099-R data from former employer:
Box 1: $90,000
Box 2a: $90,000
Box 2b: Total distribution box is checked.
Box 6 NUA: $78,000
1099-B from TDA:
Box 1d (Proceeds): $77,000
Cost basis: BLANK
My questions are:
1. In Turbo Tax Premier Online, can I simply enter $12,000 for Box 2a of 1099-R (Box 6 NUA - Box 1)?
2. What should I enter as my cost basis for the 7000 shares sold at $11/share?
Thank you for your help.
