topic What form to use for sale of shares in a private company after they vested. Not reflected in wages and no 1099B form. Thank you. in Investors & landlords

What form to use for sale of shares in a private company after they vested. Not reflected in wages and no 1099B form. Thank you.

mikejervis — Tue, 23 Mar 2021 12:12:23 GMT

Greetings, I have a situation where I was granted shares in a private company and needed to buy in for those shares for which I have a cost basis. This company was then sold to another private company and my shares vested and I received proceeds after about five years. What form would I enter this transaction under? There will be no 1099B type from coming from this transaction nor is it reflected in my wages. I just received a check. Thank you.

Re: What form to use for sale of shares in a private company after they vested. Not reflected in ...

MinhT1 — Tue, 23 Mar 2021 14:39:59 GMT

You would enter the transaction just as if you received a form 1099-B.

You have all the information: Date of purchase, date of sale, proceeds (the check you received) and cost basis (the amount you paid).

You can enter your transaction by following these steps:

In TurboTax, open your tax return
Click on Federal in the left-hand column, then on Wages & Income on top of the screen
Scroll down to All Income, locate the section Investment Income and click on Show more
Click Start next to Stocks, Mutual Funds, Bonds, Other

For sale category, choose Box F - Long-term Not reported - Long-term sales not reported to the IRS

Re: What form to use for sale of shares in a private company after they vested. Not reflected in ...

mikejervis — Tue, 23 Mar 2021 15:16:41 GMT

Thank you