DaveF1006
Expert Alumni

Retirement tax questions

Reporting these in Box 19 is not a taxable event if you were awarded shares. It is a taxable event however because you sold these and the sale needs to be reported elsewhere in your return.

  1. Go to federal>wages and income>investment income>stocks, bonds, other
  2. Now you will answer some preliminary questions.  Say no if you did not receive a 1099B.
  3.  Next screen is critical because it asks you for the sale price, description, what you originally paid for it, date sold, date acquired etc.
  4. Now you will be asked a question if this was a sale of employee stock, here you will say yes.
  5. The next screen will ask what type of employee stock is it.  Without knowing the specific details of this award, if you are uncertain, just check none of these.
  6. if you know the type of employee stock it is, you may wish to choose the other options because you may receive more favorable tax treatment.  
  7. Remember, use as the basis the market price you paid for the stock.
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