JohnB5677
Expert Alumni

Investors & landlords

There are potentially two issues here.

  • Was the stock a form of payment
  • How the stock will be treated as an investment

The stock was some form of compensation, even though it was just given to you.  Even if you did not receive a tax form it should be reported based on the "Nominal Value".

 

You can enter it this way

  • Wages & Income
  • 1099 MISC and Other Common Income
  • Select Income from a 1099-NEC
  • Enter payer's name
  • EIN Number
  • Amount you received
  • State what it was for
  • Click None of these apply
  • No you do not have expenses to enter

There will not be any tax on the shares of stock until they are sold.  You may however, receive dividends or interest that would be taxable in the year received.

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