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DianeW777
Expert Alumni

SARs Reporting Sale

Column (e) is for the cost basis of any sale including stock appreciation rights (SARs).  The cost basis is not usually reported to the IRS in this situation so Code B would be appropriate.

(A) Short-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) 

(B) Short-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS 

(C) Short-term transactions not reported to you on Form 1099-B

 

@JPquestion 

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cgong123
New Member

SARs Reporting Sale

Same situation with S-SAR exersale from same Swiss company.

 

I entered the 1099-B info into TurboTax Premier and checked the "Allow me to continue with incomplete info" because the 1099-B does not give a cost-basis. I selected NQSO as the option type. However, TurboTax gives a Total Proceeds Summary screen with an incorrect calculation of the Selling Price per Share that I cannot change (it takes the Total Proceeds from the 1099-B and divides it by the number of shares). This causes a small loss amount which is not real.

 

I don't see any option to adjust the Cost Basis. Am I looking down the wrong path?

 

selffiler
New Member

SARs Reporting Sale

I am in similar situation, my question although SSAR were issues in 2015 and if W2 is showing SAR for the year when I sold them (in 2022) then technically that (2022) will be the vesting year?

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