turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ntchoplin
New Member

I received stock as payment for consulting services. How do I report the proceeds of the stock sale on my Schedule C?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I received stock as payment for consulting services. How do I report the proceeds of the stock sale on my Schedule C?

You would include the fair market value of the stock when you received it in your line 1 "revenue" on Schedule C.  You would report the sale of the stock using the "Stocks, Mutual Funds, Bonds, Other" interview, recognizing a gain or loss between the proceeds and the fair market value of the stock at receipt.

Tom Young

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies