Max W Posted April 9, 2018 Report Share Posted April 9, 2018 Client cashed in SSAR's and RSU's which were reported in Box 1 w-2 and form the basis. Is it better to report these as a "Offset to W-2" or to use the adjustment Code B. I prefer to use the former because there was another transaction on the same 1099B for which no basis was reported. The Offset approach provides more detail, whereas using the Adjustment Code lumps everything together. TIA Quote Link to comment Share on other sites More sharing options...
jklcpa Posted April 9, 2018 Report Share Posted April 9, 2018 I report them the same as any other stock sale for noncovered transactions where basis isn't reported to IRS, and I enter the basis plus commissions/selling expenses in that box. No adjustments or codes. 2 Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted April 10, 2018 Report Share Posted April 10, 2018 4 hours ago, jklcpa said: I report them the same as any other stock sale for noncovered transactions where basis isn't reported to IRS, and I enter the basis plus commissions/selling expenses in that box. No adjustments or codes. Ditto!! 1 Quote Link to comment Share on other sites More sharing options...
Max W Posted April 10, 2018 Author Report Share Posted April 10, 2018 I think the only time I've used codes is for wash sales and for the homeowners exemption. Quote Link to comment Share on other sites More sharing options...
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