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?
You'll need to sign in or create an account to connect with an expert.
If your broker statement is showing 3 transactions, what is on the 3rd transaction? The numbers you posted do not add up, it appears as though your 1099B is including whatever is on the 3rd transaction.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rahul13
New Member
tmurraysdca1
Level 1
tswarts2
New Member
ftang101
New Member
Andy3
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.