AmyC
Expert Alumni

Investors & landlords

If you did not sell stock, there would be nothing to report. However, if the company sold shares to cover taxes, it would seem there should be a sales statement. If the company retained the shares to cover taxes, then there was no sale.

 

I want to urge you to create a financial notebook that is kept separate from your tax return. Keep it safe and each year, add your year-end statements from all your financial accounts plus a copy of your W2’s, your  carryover information, and proof of your basis in your various investments. You must keep tax records  from the time you vest/purchase until sold/ loss used plus 3 years. It is very easy to lose track of disallowed losses / carryforwards/ basis.

 

@vitan_6

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