is no option under 1099 B where I sold company stock that was moved from401K to brokerage account in deluxe under where it ask What type of investment did you sell?

You may select Something else.

Thanks for the reply. That selection option (something else)  is not showing for me in turbo tax deluxe under 1099B when selection is employee stock. I can select other, then something else and write in explanation?

If you know your Cost Basis, you can report your 1099-B as a regular stock sale (not employee stock).  If the Cost Basis on your 1099-B is incorrect (which it often is, since the broker does not know the amount of any discount you received), check the box 'cost basis is missing or incorrect' and enter the correct cost basis. 

Here's more detailed info on Employee Stock Purchase Plans.

@dancwight