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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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i have 1099b how should i put it in my tax return

Customer Question

have 1099b how should i put it in my tax return, i have received it from my broker
Submitted: 10 years ago.
Category: Tax
Expert:  RD replied 10 years ago.
You will report the sale of stocks on Sch D, Form 1040. You will also have to enter the cost basis of the stocks sold.(this will not be on Form 1099B)

Are you doing your taxes manually or with a software?
Customer: replied 10 years ago.
Relist: I still need help.
i am using a software.
Actually, i have 1099b for stock options. In the software how should i fill it.
Expert:  RD replied 10 years ago.
Are these stock options that you exercised?

The "sales price" should be shown on the Schedule D as reflected on the 1099-B from the brokerage firm. Your "basis" in the stock is the exercise price plus the amount that you had to include in income plus the fees/commissions that were charged.

Can you provide additional detail and I will be glad to help you?