Doris711
Level 2

Client exercised vested stock.  1099B boxes B and E amounts.  Proceed amounts, no cost basis amounts, all gain.  

Does the client have a basis in the stock?  Would the clients basis be the FMV of the stock when exercised?  What questions if any should the client ask the employer to assist in getting the information that is needed?  

Thank you for your assistance. 

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