HelenC12
Expert Alumni

Investors & landlords

Most likely the stock sale was included as income on your W-2 and reported on Form 1099-B. To avoid double taxation:

  • You will need to change the stock basis on the date of the sale, to the price on the date of sale.  
  • The result is zero gain or a minor loss due to brokers commission/fees.  
  • The IRS will expect to see that information on your tax return.  

To enter your 1099-B form, see Where do I enter a 1099-B?

 

For additional information, see the TurboTax article: Non-Qualified Stock Options.

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