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francie44
New Member

Form 1099 B

My employer included the Gross proceeds from the sale of stock to my income on my W2 I also received a 1099B from our broker showing that sale. If I complete 8949 it shows as income again. what should I do? 

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2 Replies
ToddL99
Expert Alumni

Form 1099 B

Enter the gross proceeds amount (from W-2) as the "Cost or other basis" in the 1099-B interview. This will result in "zero" gain for the 1099-B transaction (or a small loss if there were sales charges).

 

The income attributed to the grant is included in Box 1 of the W-2, and is used to calculate the cost basis for the sale reported on the 1099-B. 

francie44
New Member

Form 1099 B

Thank you

 

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