1099B from stock in IRA rolled over from company contribution to 401K. Is this considered employee stock?

[bekka6716]

Also cost basis is not reported but I don't have any information on the stock that was transferred to this IRA since I didn't purchase it.  So far company has not answered.

[RaifH]

If you rolled over from your company's 401(k) to your own IRA, you should not have received a 1099-B. Instead, you should have received a 1099-R and you would indicate this was a rollover which would not be a taxable transaction.

Generally speaking, you will not have a basis in any stock in your company's 401(k) that was rolled over to a traditional IRA. However, you do not pay taxes on this until you withdraw from your IRA. That would also be reported on a 1099-R, not a 1099-B.

If the retirement administrator of your company's 401(k) issued you a 1099-B, you may need to talk to them to sort out the source of the confusion. If this was employee stock not held in a 401(k), like stock in your company that you purchased at a discount, that would be treated differently and you would receive a 1099-B for that, even if you turned around and took the proceeds and contributed them to your IRA. 

[bekka6716]

Sorry - it is a little confusing.  I did receive a 1099R for the rollover.  But then the investment company sold some stock and I received a 1099B for that sale.

[GeorgeM777]

To follow-up on the comments from @RaifH, if the stock was sold in your IRA, then there is nothing to report.  Your 1099-R for the rollover probably reflects a code G in Box 7.  Code G indicates that the distribution was a direct rollover, which in your case was a direct rollover into an IRA.  

We are not sure why the investment company sold some of your stock, but if it was all done in your IRA, and you did not withdraw any funds from your IRA, then there is nothing to report on your return.  If you did withdraw funds from your IRA, then you would receive a 1099-R for that withdrawal and you would have to report that 1099-R on your tax return.

@bekka6716