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browyns
Returning Member

I exercised stock options and made money on the transaction. Where do I enter that income? Federal and state taxes were withheld from the proceeds.

 
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AmyT
New Member

I exercised stock options and made money on the transaction. Where do I enter that income? Federal and state taxes were withheld from the proceeds.

When you exercise stock options, it is considered to be a sale of securities, which is entered in investment income.

To get to the input screens:

  • Sign in to your account and click on the orange Take me to my return button (skip this step if you are already in your return)
  • Click on Search at the top of the screen
  • Input "investment sales" in the search box and hit enter
  • The first link available should be Jump to investment sales - click on this link

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1 Reply
AmyT
New Member

I exercised stock options and made money on the transaction. Where do I enter that income? Federal and state taxes were withheld from the proceeds.

When you exercise stock options, it is considered to be a sale of securities, which is entered in investment income.

To get to the input screens:

  • Sign in to your account and click on the orange Take me to my return button (skip this step if you are already in your return)
  • Click on Search at the top of the screen
  • Input "investment sales" in the search box and hit enter
  • The first link available should be Jump to investment sales - click on this link

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