sold employer common stock I purchased (not discounted). purchased in 2021 and sold in 2024. I have a 1099-B that shows PROCEEDS and COST. What is cost adjustment?

If the amount reported on your Form 1099-B is not correct, you should still enter the amount reported , then make the adjustment to reflect the correct amount. To figure the adjustment needed, see the Worksheet for Basis Adjustments in Column (g). Also, see Example 4—Adjustment for incorrect basis.

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