Greetings, I have a situation where I was granted shares in a private company and needed to buy in for those shares for which I have a cost basis. This company was then sold to another private company and my shares vested and I received proceeds after about five years. What form would I enter this transaction under? There will be no 1099B type from coming from this transaction nor is it reflected in my wages. I just received a check. Thank you.
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You would enter the transaction just as if you received a form 1099-B.
You have all the information: Date of purchase, date of sale, proceeds (the check you received) and cost basis (the amount you paid).
You can enter your transaction by following these steps:
For sale category, choose Box F - Long-term Not reported - Long-term sales not reported to the IRS
You would enter the transaction just as if you received a form 1099-B.
You have all the information: Date of purchase, date of sale, proceeds (the check you received) and cost basis (the amount you paid).
You can enter your transaction by following these steps:
For sale category, choose Box F - Long-term Not reported - Long-term sales not reported to the IRS
Thank you
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