ErnieS0
Expert Alumni

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:

 

  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)

In your situation, your cost would be $0, so you'd have a gain of $26 ($5.25 x 5).

 

@daewkim

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