Do I need to file a 1099b form in addition to the 1099r form when it's from a Publix ESOP?

[dmertz · Accepted solution]

Yes, the Form 1099-B must be reported.

The issue is what to enter as the cost basis for these shares.  If there is nothing in box 6 of the Form 1099-R, the cost basis of the shares is the amount reported in box 1 of the From 1099-R and the holding period is short-term.

If there is an amount in box 6, the cost basis is the amount in box 1 of the Form 1099-R minus the amount in box 6.  The holding period on the box 1 amount is long-term while the holding period on any gains subsequent to the in-kind distribution, if any, is short-term.