JML222
Level 5
‎04-13-2022 08:39 PM

All,

Any idea how to handle a discrepancy with a broker that issued a 1099B showing no withholding and a client that has documentation including deposits and transaction letters that show withholding took place?

The broker says its not their problem. 

Thanks!

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Just-Lisa-Now-
Level 15
Level 15
‎04-13-2022 08:41 PM
was this part of some kind of workplace RSU where the cost and withholdings got included in the W2?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
JML222
Level 5
‎04-13-2022 08:48 PM

I think it was a restricted stock option. If so, the withholding would be on a W2 and the income claimed on a 1099B?

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Just-Lisa-Now-
Level 15
Level 15
‎04-13-2022 08:57 PM
Its already included in Box 2 of the W2, as well as the purchase costs have been included in Box 1.

Make sure the brokerage has the right basis, they don't always have it right....do you have the printout of what they paid?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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JML222
Level 5
‎04-13-2022 08:59 PM

Thank you, yes, the printout matches so they got the basis right.

I also found a pay stub showing fed and state that matches. WOOHOO!

Thank you.