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What form to use for sale of shares in a private company after they vested. Not reflected in wages and no 1099B form. Thank you.
Greetings, I have a situation where I was granted shares in a private company and needed to buy in for those shares for which I have a cost basis. This company was then sold to another private company and my shares vested and I received proceeds after about five years. What form would I enter this transaction under? There will be no 1099B type from coming from this transaction nor is it reflected in my wages. I just received a check. Thank you.
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Investors & landlords
You would enter the transaction just as if you received a form 1099-B.
You have all the information: Date of purchase, date of sale, proceeds (the check you received) and cost basis (the amount you paid).
You can enter your transaction by following these steps:
- In TurboTax, open your tax return
- Click on Federal in the left-hand column, then on Wages & Income on top of the screen
- Scroll down to All Income, locate the section Investment Income and click on Show more
- Click Start next to Stocks, Mutual Funds, Bonds, Other
For sale category, choose Box F - Long-term Not reported - Long-term sales not reported to the IRS
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