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I cashed in my investment and put it in as a w-2 is that correct?

 
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2 Replies
ColeenD3
Expert Alumni

I cashed in my investment and put it in as a w-2 is that correct?

No. A Form W-2 reports wages of an employee.

 

If your investment was reported on a Form 1099-B, enter it in the investment section.

 

If your investment was reported on a 1099-R, enter it in the retirement section.

jtax
Level 10

I cashed in my investment and put it in as a w-2 is that correct?

What kind of investment?

 

If an IRA you should get a 1099-R.

 

If another investment you should get a 1099-B. This describes how to enter that 

 

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-investment-sales/00/26619

 

Note that you might not get the 1099-B until the end of Feb.

 

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