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Get your taxes done using TurboTax
You may not receive a Form 1099-MISC since the stock you received was worth under $600.
Since the value of your stock is effective $0 you do not have to report the receipt of shares as income.
Only enter the sale the way Tax Expert DianeW777 said:
- Search (upper right) > type schedule d > use the Jump to... link select
- Select ..type it myself or you can choose to import if you have a 1099-B
- Your cost basis is the amount you reported as income (2021 and 2022 if all stock was sold)
In your situation, your cost would be $0, so you'd have a gain of $26 ($5.25 x 5).
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March 25, 2023
8:17 PM