My 1099 only shows 2 transactions although my broker statement shows 3. I want to make sure that I do not under/over report and need help with adjustments if necessary. This is my scenario on 2 sales on same date.
1st sale
Quantity released 52 with 22 withheld for taxes and 30 disbursed
Market Price at time of Grant $57.15
Release Price $29.73
Gross release value is $1545.96 (52 X $29.73)
Total taxes withheld $654.06 (22 X 29.73)
A breakdown of the $654.06 shows how much went to each Fed, State, FICA, Medicare and SUI+WD
2nd sale
Quantity released 19 with 8 withheld for taxes and 11 disbursed
Market price at time of Grant $65.76
Release Price $29.73
Gross Release Value is $564.87 (19 X $29.73)
Total taxes withheld is $237.84 (8 X 29.73)
A breakdown of the $237.84 shows how much went to each Fed, State, FICA, Medicare and SUI+WD
My 1099b shows Quantity (Box 1a) 72 Proceeds (Box 1d) $2577.82 and Cost Basis (Box 1e) $3099.60
I am trying to reconcile but can't figure out how did the 1099 come up with its figures?
