A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Cost-Basis Adjustment
In the context of reporting stock sales on federal tax returns, this is a modification made in the cost basis before a gain or loss is calculated and then reported on IRS Form 8949. This adjustment is necessary if the cost basis is incorrect on IRS Form 1099-B. On Form 8949, you report the basis as it appears on your Form 1099-B (or substitute statement) and then indicate the needed adjustment in a separate column on Form 8949. Technically, on Form 8949 you adjust the gain or loss, not the basis. For details and examples of this adjustment, see the section Reporting Company Stock Sales in the Tax Center on this website.
Return to list Register Now

Try the new myStockOptions.com Glossary App! Now available for Android and iOS.

Get it on Google Play
The content is provided as an educational resource.
myStockOptions.com shall not be liable for any errors or delays in the content, or any actions taken in reliance thereon.
Copyright © 2000-2018 myStockPlan.com, Inc. U.S. Patent 7,353,200.
Contact editors@mystockoptions.com for licensing information