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

singh
Level 7

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 Comments 3
heidis
Level 3

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

singh
Level 7

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

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singh
Level 7

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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