WebMay 6, 2024 · The client’s recent statement, from ETrade, showed those figures but another one as well: a $96,000 “realized gain,” or the difference between the two figures. Taxes withheld WebOct 7, 2024 · When I enter Adjusted cost basis from ETrade, should I also check 1099-B reports incorrect cost basis? Dear experts, I have a Supplemental form from ETrade, which has 2 columns for each RSU sale: Adjusted Cost Basis and Cost Basis. Question 1) … Filled manually by mentioning corrected cost basis but IRS sent an email … The TurboTax community is the source for answers to all your questions on a range …
Solved: How do I report Adjusted Cost Basis? - Intuit
WebMar 8, 2024 · First, 3 weeks ago etrade was just straight up missing about 20-30% of trades, that seems to have been fixed after some updates. Now, some of the information from the trades are still missing, specifically the 'sales category' for short\long covered\not covered, for every single trade. WebWhen the RSUs vest and you do the sell-to-cover-tax option, it resets the tax basis for the remaining shares. When you sell, the basis should be the fair market value of the stock on the day of vesting, and often the 1099-B gets that wrong (in fact they've changed some basis reporting requirements and I think now it always gets it wrong), although the … shark express
Price paid is listed as 0.00 : r/etrade - reddit
WebJun 7, 2024 · The 1099-B form listed proceeds of $1,037.44 and a zero (0) under "Cost or Other Basis". eTrade's Supplement statement (which has more data about the sale, see below data) also lists a Cost Basis of zero (0) but there is an "Adjusted Cost Basis" column which lists $1,029.00. WebApr 1, 2016 · With the issuance of final regulations (T.D. 9616), beginning in 2014, brokers are prohibited from adding the compensation component to the employee cost, thereby understating the total cost and overstating the gain on the sale of the stock on Form 1099 - B. The final regulations mostly cover more complex reporting issues related to debt ... WebThe eTrade cost basis is not being adjusted for the wash sale. So the G/L reported there is not the taxable gain/loss. ... Something is wrong with the numbers in the screenshot. The realized gain should be equal to the proceeds, less basis, plus wash sale adjustments. This is how it is reported on Form 8949 with standard tax accounting rules. shark expert