Since Champ LudwigVan_fan has provided you with the helpful information you need to calculate your basis, please refer to the step by step instructions below if you need assistance finding where to enter the data in TurboTax. I am not sure if you are using Online or Desktop, but the instructions are the same, barring minor differences.
- Sign in to (Pick up where you left off) or open your tax return.
- Type stock sales into the search bar and hit enter.
- Use the Jump to stock sales link in the search results to get to the Investments section.
- If you already started the transaction, click on Edit next to it to review it, or
- Click on Add more sales.
- Answer yes (if you did) or no (if you didn't) to the Did you get a 1099-B for the sales? question.
- Choose Stocks (non-employee) stock.
- Enter a description, number of shares, sold date, and the proceeds.
- Continue through the next few screens to enter your per-share basis and any related adjustments.
You will be shown a summary of your entry and the gain/loss information will be transferred to Schedule D and Form 8949.
@mmsecase
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