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My company went from public to private and our stocks were bought out. I withdrew that money and deposited into my banking account. How do I file for that?

I have included the short and long term gains in my tax return but do ot see where I would input sales proceeds.
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1 Reply
DianeW777
Expert Alumni

My company went from public to private and our stocks were bought out. I withdrew that money and deposited into my banking account. How do I file for that?

Sales proceeds are entered into the Investment Sales category.  You will need the cost of the stock, if any, also the date you acquired the stock and the selling price and sales date.

To enter stock sales as investment sales:

  1. Open (continue) your return in TurboTax.
  2. In the search box, search for investment sales then click the Jump to ... link in the search results.
  3. Answer Yes to the question Did you sell any investments?
    • If you land on the Here's the investment sales we have so far screen, click Add More Sales.
  4. Answer Yes or No to the 1099-B question depending on your situation.
  5. On the next screen, select the type of sale you had (stock, second home, collectible, land etc.) and click Continue.
  6. Continue following the onscreen instructions to enter the sale. 
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