Sold vested stock

[jensmith2]

In October I sold vested stock from my employer. Do I need to claim this?  If so what form/where would I put that information?

[TomYoung · Accepted solution]

The answer is a definite "maybe, maybe not."

If this was a same day sale - vesting and sale occurring on the same day - then brokers are not required to prepare a 1099-B though they are supposed to prepare some sort of statement with the same information.

If this was not a same day sale then you should get a 1099-B.

If you don't get a 1099-B then you are not required to report the sale though you may chose to do so anyway as a same day sale usually incurs a small loss due to selling commissions and fees.

If you do get a 1099-B then you must report the sale.

Security sales are reported using the "Stocks, Mutual Funds, Bonds, Other" interview.

Tom Young