First time with a 1099-B, missing vital information, I'm not smart!

Hey all!

Removed old post, updated. Basically, I have a 1099-B that has some blank fields, and using TT ... I don't know how to proceed. I also do not have a tax advisor, but I'm assuming I may need one finally.

Original post edited because I did find out that this stock was all through an ESPP. I believe it was a 5% discount, and came out of my bi-weekly pay.

The company's parent is based on Canada. So in parallel to this 1099, I recieved a T4PS, that shows a capital loss.

Any suggestions?

Thanks!

Here's what I'm missing on my 1099B:

1) Date Acquired (Box 1b)

3) Cost or Other Basis (Box 1e)

4) Sales Section - It should state one of the following:

- Short-term basis reported to IRS (covered)

- Short-term basis not reported to IRS (noncovered)

- Short-term did not receive 1099-B form

- Long-term basis reported to IRS (covered)

- Long-term basis not reported to IRS (noncovered)

- Long-term did not receive 1099-B form

- Unknown term basis not reported to IRS

886

Level 15

Mar 18, 2023 2:54:12 PM

you only need four items, the two dates, the cost and the proceeds.

3) Cost or Other Basis (Box 1e)

Assuming this a publicly traded company, look up the price per share on the day you got the award.

@a_big_dumb_animal

Level 2

Mar 20, 2023 4:16:14 PM

Thanks @fanfare!

I did talk to my former employer. This was an ESPP ... meaning I was buying stock every pay check, not a one time payout.

How do I manage that? I'm on hold now with Morgan Stanley trying to get answers too.

Also, I have a T4PS (Canadian based company) that shows a capital loss. So I sold these stocks at a loss based on what I paid for them ... if that helps.

Level 15

Mar 20, 2023 5:38:51 PM

I sold an ESPP a very long time ago, I don't remember the details.

See if your statement of account for the ESPP shows the basis of your shares.

@a_big_dumb_animal

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First time with a 1099-B, missing vital information, I'm not smart!