How to enter stock sales sold 10 of 32 shares of stock ; share price 162.26; market value 5192.32; minus unrealized appreciation of 4284.99; cost basis 907.33;

[TomYoung · Accepted solution]

OK, I'll take a crack though I found your presentation very confusing and I had to sit back to work out the numbers.

I think the "share price 162.26" is what you sold the shares for so the Form 1099-B should report proceeds of about 10 x $162.26 = $1,622.60.  (If that was the stated per share selling price and the broker charged you commission and selling fees then the actual proceeds reported will be minus the commission and fees.)

It looks like the "cost basis 907.33" is referring to the cost of all 32 shares so the basis reported for the sale looks to be ($907.33/32) x 10 = $283.54.  IF the broker knows the basis and the trade is reported as "covered" THEN that should be the amount of basis on the 1099-B.  If the basis is not reported on the 1099-B then you'll need to enter that number, assuming you agree to it.

You will have a gain.

Not knowing when or how you acquired the shares I can't say if the gain is short term (owned a year or less) or long term (owned over a year.)

You use the "Stocks, Mutual Funds, Bonds, Other" interview to report the sale.

Tom Young

[KittyM]

To enter an investment sale from a brokerage account (1099-B), follow the steps below.  If you do not yet have the 1099-B, you may still enter the information from your records.  In addition to how much you paid for it and how much you sold it for, you will also need the date of purchase and the date you sold the stock.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on 
• Choose Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button