Confirming Correct Cost Basis Entry for RSU and ESPP

tb001
Member Posts: 9 Newcomer
Hi, I need help confirming whether I entered the correct cost basis for RSU and ESPP sales reported on my Fidelity 1099-B.
Situation:
On my 1099-B from Fidelity, I had two types of stock sales:
Section 1: Long-term transactions reported to IRS (Box D checked)
Two equities were sold:
Equity X:
Cost basis in 1099-B matched the Fidelity supplemental info.Equity Y:
Cost basis in 1099-B didnot
match the supplemental info. This was an ESPP sale (QSP).
On the screen “Tell us about your Fidelity taxable stock sales”:
- I entered the Box 1e cost basis as shown in 1099-B (Which doesn't matches adjusted cost basis in supplemental info)
- Then marked “
The basis shown in Box 1e is incorrect
.” - On the next screen, I used the “
Adjusted Cost or Other Basis
” from the Fidelity supplemental sheet to correct the cost basis for both equities.
Section 2: Long-term transaction not reported to IRS (Box E checked)
One equity sold (Equity Y again, from RSU grant):
- Cost basis in 1099-B was $0, which does not match the supplemental info.
- I followed the same steps as above and entered the correct cost basis from the “Adjusted Cost or Other Basis” column in the Fidelity supplemental sheet.
My Question:
Did I do this correctly by using the “Adjusted Cost or Other Basis”
column from Fidelity’s supplemental sheet as the true cost basis for both my RSU and ESPP (QSP) sales?
Thanks in advance!
Tagged:
0