Appreciate your help above! Follow-up: I also received a 1099-NEC but I'm not self-employed. I received this form because my previous company decided to repurchase my shares (which I had purchased after exercising NQ options). The amount listed on box #1 /Nonemployee compensation/ is the TOTAL proceeds from the repurchase (not just the gains on top of my tax basis).
Two questions for you:
1. Should I follow the same steps to enter this into TurboTax?
2. Is the amount on the form correct? Shouldn't it only reflect the gain (proceeds less basis)?
TIA for your help!
