Question

If I sold some employee stock shares through an online brokerage and taxes were taken out at the time of the sale, do I report this on Form 8949 or Form 1099-B?

Answer

The brokerage should issue you a Form 1099-B showing the sale of the stock and the taxes withheld. Report this information on Form 8949. This amount will then transfer to your Schedule D for the sale and Form 1040 for the tax withheld on the sale.

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