Sold stock in 2021 and filed capital gains, in 2022 received money held by company and 1099B shows 0 shares

[ParrotHook]

Sold stock in 2021 and filed capital gains in taxes, in 2022 received small amt of money held by company in reserve during sale. This years/2023 1099B shows 0 shares with a proceeds amount for the reserved money that was paid out. How do I report the cost basis if showing 0 shares? Do I have to report this?

[DianeW777]

Yes, if there is an amount in the 'Proceeds' box. The income is taxable whether or not you have a cost basis in the remaining shares. Zero shares does not indicate there is no gross proceeds.  If you mean the proceeds amount is zero and you do have a cost basis you would want to report it to show your loss.

Please update if you have other questions and we will help.

[ParrotHook]

Proceeds has a dollar amount

No of shares = 0

Would I use the cost basis for the shares sold in the previous year already reported on my taxes last year or report $0 for the cost basis? 

[ParrotHook]

This amount was held by the group selling the stock (going private to public) until company sale was final