JohnB5677
Expert Alumni

Investors & landlords

I have a couple of questions and comments:

  • Did you receive this stock in 2020, and did you receive any tax forms with it. 
    • Was it possibly included on your W-2? 
      • If so you will not have to post anything for income.  It was included.
      • This will be your basis when you sell the stock.
    • Did you get a 1099-MISC, or other tax form.
      • This is taxable income
      • It will become the Basis when you sell the stock
  • Did you sell the stock in 2020
    • Did you get a 1099-B reporting the sale?
    • If you did this is how to post it.
  1. Open (continue) your return if it isn't already open.
  2. Income & Expenses
  3. Scroll to Stocks, Mutual Funds, Bonds, Other
  4. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
    • If you see Here's the info we have for these investment sales, select Add More Sales.
  5. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  6. At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself).
  7. Follow the instructions.
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