Sold my stocks, do i need to pay tax on it?

[shaul_mizrahi]

i got stocks from my work on 2008 (2000$ worth) and sold them on 2016 for about 9500$ is that a capital gain? do i pay the full tax on it ?
can i allocate capital gains adjustment?

[Fern]

Yes you have to report the sale of stock. Enter the information in Turbo Tax. The program will calculate the capital gains tax vs ordinary income question.

When entering the sale of the shares, indicate that the sale involves an employee stock purchase plan.  See screenshot below. You will then be prompted to enter information about the sale and the amount that is reported on your W-2.

To enter the sale:
• Select Federal Taxes
• Select Wages and Income
• Select Show More at Investment Income
• Select Start at Stocks, Mutual Funds, Bonds and Other

Employee stock purchase plan shares are purchased at a discount. The discount the employee receives on the stock purchase is considered compensation and is reported as ordinary income. Your basis in the stock purchase will be the amount paid for the stock plus the compensation income reported.

The sale of these shares are reported on a Form 1099-B.  The capital gain or loss is the difference between what the stock sold for and your basis.