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Get your taxes done using TurboTax
This income is considered investment income and will be reported as a stock sale for capital gain treatment as noted in our earlier discussion. You should be receiving a Form 1099-B to report the sale and of course you will have your cost basis.
- Federal Taxes tab (or Personal, if working in TurboTax Self-Employed/Home & Business), > Wages & Income, > Investment Income, > Stocks, Mutual Funds, Bonds, Other. Follow the prompts to enter the 1099-B information.
- You will have the option to import, however I suggest you enter it yourself in your situation.
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‎February 8, 2022
12:03 PM