I work for a private company that gave us stock and then bought it back. Should I choose investment type stock with cost 0? There were no restrictions or costs.

[rboyle1]

The company gave us stock, not options.  There were no restrictions or costs.  This is a private company so there is nothing to really sell.  The company wrote me a check for a price that we agreed upon.  They called it a stock redemption.  What type of investment should I choose in Turbo Tax?  Employee stock purchase plan and restricted stock awards ask for many more details than I have.  Should I just select regular stock?

[Anonymous · Accepted solution]

none of the above.  just a plain old sale of stock.  you paid nothing, and I assume nothing was included on your W-2 for it 's " value" so that's your cost basis.   The company paid you X to buy it back,  that's your sale price.   the date they gave it to you was the date acquired and the date the bought it is the date sold.        

However, do check with your employer as to whether anything was included on your w-2 in the year they gave it to you.   

that would change my answer.