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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On the Schedule D, in the smart worksheet, there is line (I2) for corrected basis. Make your adjustments there.
Thank you for your suggestion. I am going to try that now.
I still do not understand how to go to SCHEDULE D smart worksheet.
I do not know where the Adjusted Amount (Ordinary Income) goes. The client received 1099B and also the Transactions Supplement which shows several transactions of sales, costs basis, Adjusted cost basis, etc.
This is the first time I am trying to handle this type of Transactions.
I may have to refer him to someone else.
If there is any one who have a good experience regarding this please help me out.
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