qbteachmt
Level 15
05-20-2022
11:36 AM
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"TP reported the transaction as part of the wages when he e-filed."
Are you sure this isn't a chain of events? Example:
Employee stock option = W2 reporting.
Then, the sale of those shares = 1099-B. And now you have the basis, from the W2. The broker didn't have that basis, but you have the documentation for it, including that it was short- or long-term.
It's doubtful that the same transaction was on both a W2 and a 1099-B. But the shares would go through a process of award-ownership-sale.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.