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Old 02-16-2019, 08:38 PM
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Cost Basis vs. Adjusted Cost Basis

I received $20K stock (proceeds) from my company in 2018. The cost basis (box 1e) listed on the 1099-B is $16K. It is a Short term transaction with Box A checked. It is managed by Fidelity.

However when I go back to the Supplemental Information (not reported to the IRS) at the back of the Fidelity packet, the Adjusted Cost Basis is $20K. Likewise it indicated that $4K of Ordinary Income was reported.

Can I use the Adjusted Cost Basis in Form 8949 "Sales and Other Dispositions of Capital Assets" rather than what was reported in 1099-B?

Please advise. Your help is appreciated.



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