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Get your taxes done using TurboTax
Yes, that is correct.
However, just be aware that when you cash them, it is likely the IRS will send you a notice because they will see that you did not report the FULL amount in the year of the sale (it is unlikely they will look back to the previous years to check that). So you will need to respond to the IRS notice showing them that you reported the income in previous years.
‎June 5, 2019
11:16 PM