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Get your taxes done using TurboTax
Report the 1099-MISC income as other income, keep it in your record, when you sell the shares in the future, use it to adjust the cost basis.
To report the 1099-Misc form as other income:
- Open or continue with the return
- Click on Show more next to Other Common Income under the Income & Expenses section
- Click on Start/Revisit next to Form 1099-MISC
- Enter the information from the 1099-MISC form.
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March 5, 2022
12:04 PM