1099-B PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS

Hello,

My employer gives an option to sell a portion of RSUs to cover for taxes. The broker has sent me this form

1099-B PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS with

Long Term - Noncovered Securities

Cost basis is given as NOT ON FILE since the broker sells my existing stocks to cover for taxes.

What cost basis should i use

790

Expert Alumni

Feb 17, 2025 9:54:43 AM

The units that you are selling should use a basis equal to the value of the units on the date they vested. That may require a little research on your part but the acquisition date should be available on the statement even if the basis is not.

@PSG2020

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1099-B PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS