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Level 6
May 5, 2021
Question

Where does the Adjustment amount ( Ordinary Income) go on 1099B?

  • May 5, 2021
  • 3 replies
  • 27 views

My client received a 'stock Plan Transactions Supplement'  along with 1099B showing: 

 Proceeds       Cost Basis    Adj. amount (ordinary Income)    Adj. cost Basis     Adj. gain/loss

     $9577           $9088                   $1603                                    $10,691                $1134

I cannot understand where does the Adjusted amount go on 1099B.

I have put it  under cost basis. Please let me know if that is correct.

Thank you in advance for any help.

                                  

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3 replies

Level 4
May 5, 2021

On the Schedule D, in the smart worksheet, there is line (I2) for corrected basis. Make your adjustments there.

singhAuthor
Level 6
May 5, 2021

Thank you for your suggestion. I am going to try that now.