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posted Jun 1, 2019 10:39:26 AM

Reporting capital gains

Husband received stock options from a former employer valued at 67,485. He was required to sell those 5 months later and had capital gains of 8589.  They are private held so no 1099 document. Just an account statement.  What is best way to report this?  Know as capital gains.

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Level 13
Jun 1, 2019 10:39:27 AM

You use the "Stocks, Mutual Funds, Bonds, Other" interview.  You tell TurboTax that no 1099-B was received.  That shunts you into an alternative interview where TurboTax asks you for the information needed to properly report the sale.  The sale will be reported as a "Box C" or "Box F" sale depending on the holding period.

Tom Young