If this income is already included in your QuickBooks then you are fine.  The key is that all income needs to be reported which you are indicating is being done. There is no matching of 1099's with business entity returns at this time.  Can't say what the future will hold. ... View more

@NCperson response is incorrect.  You received a 1099-B, and as such, need to do something or you will receive a matching notice and will not have properly reported your income. Yes, the value of the stock was included in your W-2 as was noted by @KurtL1 .  This income becomes your basis in the 311 shares of stock. You sold some of the stock to cover the tax; as you noted.  Essentially you received this cash and turned it over to the fed and state (if applicable) for taxes. As was noted by @KurtL1 , you need to report the proceeds from the 1099-B on form 8949 and Sch D.  What you also need to report is your basis in the stock that was sold.  Example: if you received 311 and $20,000 was included in your W-2 for that value, you have a basis of $64.31 for each share.  So your basis in the 106 shares sold is $6,817.  There were probably some broker fees that were charged, so those will be added to your basis as well.  As a result of this, you should most likely have minimal gain and most likely a small loss. But the bottom line, is this DOES need to be reported. ... View more