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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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‎April 5, 2022
3:27 PM