HelenC12
Expert Alumni

Get your taxes done using TurboTax

Generally, the stock sale is included as income on your W-2 i.e. compensation. 

 

If the stock sale is included on your W-2, to avoid double taxation:

  • You will need to change the stock basis on the date of the sale, to the price on the date of sale.  
  • The result is zero gain or a minor loss due to brokers commission/fees.  
  • The IRS will expect to see 1099-B information on your tax return.  

To enter your 1099-B form, see Where do I enter a 1099-B?

 

 

 

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