1099B lacks witholding

Forum|Forum|4 years ago
April 14, 2022
1 reply
18 views

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!

ProSeries Basic

This topic has been closed for replies.

Best answer by Just-Lisa-Now-

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?

Just-Lisa-Now-

Intuit Community Champion

was this part of some kind of workplace RSU where the cost and withholdings got included in the W2?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

JML222Author

Level 5

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

Just-Lisa-Now-

Answer

Intuit Community Champion

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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