FangxiaL
Expert Alumni

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:

  1. Open or continue with the return
  2. Click on Show more next to Other Common Income under the Income & Expenses section
  3. Click on Start/Revisit next to Form 1099-MISC 
  4. Enter the information from the 1099-MISC form.

 

 

@Anonymous

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