DianeW777
Expert Alumni

Get your taxes done using TurboTax

it depends.  It sounds like two transactions are taking place.  

  1. Free stock was received as a referral.
  2. The stock was sold

For the free stock you received for your referral the income is reported as follows (a 1099-MISC may not be reported if the amount is less than $600).

 

Go to the Wages and Income  section of TurboTax

  1. Scroll to  Less Common Income > Select  Miscellaneous Income, 1099-A, 1099-C
  2. Select Other reportable Income > Enter a description (Referral) and the amount

Next if the stock was sold you enter the sales as follows:

  1. Search (upper right) > type schedule d > use the Jump to... link select 
  2. Select ..type it myself or you can choose to import if you have a 1099-B
  3. Your cost basis is the amount you reported as income (2021 and 2022 if all stock was sold)
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