topic How do i handle the sale of stock options without a 1099b in Investors & landlords

How do i handle the sale of stock options without a 1099b

grzybowann — Sat, 01 Jun 2019 00:29:53 GMT

How do I report exercising my stock options from my company? I received a check so I'm assuming that it needs to be reported as income. I did not receive a 1099-B form.

To visit this section of TurboTax: With your return open...

MollsBBU — Sat, 01 Jun 2019 00:29:54 GMT

To visit this section of TurboTax:

With your return open, click the Federal Taxes tab
or Personal if using Home & Business
Then, Wages & Income
Desktop users will then need to click I'll choose what I work on
Click Jump to full list or similar verbiage if you see it
Then, scroll down to the "Investment Income" section.
Online users may need to click Show more to expand the section
Next to "Stocks, Mutual Funds, Bonds, Other" click Start/Update/Revisit
When asked "Did you get a 1099-B or a brokerage statement for these sales?" select No.
Next, Choose the type of investment you sold, then follow the entry screens

If needed, please see this TurboTax FAQ that answers "How Do I Find the Cost Basis for My Investments? "
You may need to click See entire answer below to expand the FAQ.
https://ttlc.intuit.com/replies/3300454

Re: To visit this section of TurboTax: With your return open...

DisappointedCustomer — Thu, 25 Feb 2021 06:22:34 GMT

This navigation appears to be outdated in 2020, but plenty of help articles still point to this or similar information.

I still can't find the appropriate resolution in the current version of the product.

Re: To visit this section of TurboTax: With your return open...

Irene2805 — Thu, 25 Feb 2021 14:08:26 GMT

If the sale of the stock options is reported on your W-2 by your employer, you may see Box 12 contains code V. This means that the income from your stock sale was included in your wages. It is already being included in your income, so you do not need to report anything further. The profits are taxed as ordinary income.

@Rob.dawson.a

Re: To visit this section of TurboTax: With your return open...

freethrw33 — Mon, 26 Apr 2021 17:40:00 GMT

I am stuck in the same position.

I have income from a cash payment as part of a company merger for which there is no1099-B. This would be reported in Box F on form 8949 under "Long-term transactions not Reported to you on Form 1099-B". I realize I'm dealing with a rare case.

I'm unable to find a way to input this information in the online version of TurboTax. When I go to "Stock sale", it takes me just to the page to input information from my 1099-B from my various brokers (but again, there is no 1099-B for this)

Thanks for any help here for me and other members!

Re: To visit this section of TurboTax: With your return open...

Cynthiad66 — Thu, 29 Apr 2021 18:22:21 GMT

Where do I enter a 1099-B?

SOLVED•by TurboTax•4564•Updated 2 hours ago

Form 1099-B is included in TurboTax Premier, TurboTax Live Premier, Self-Employed, and TurboTax Live Self-Employed (online) and in all personal CD/Download versions of TurboTax.

Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) reports the sale of stocks, bonds, mutual funds, and other securities.

Here's where you enter or import your 1099-B in TurboTax:

Open (continue) your return if it isn't already open.
In TurboTax, search for 1099-B and then select the Jump to link in the search results.
Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- If you see Here's the info we have for these investment sales, select Add More Sales.
Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself).
Follow the instructions.

Related Information:

Where is Form 8949?

Re: To visit this section of TurboTax: With your return open...

matuszeg1 — Thu, 13 May 2021 16:04:05 GMT

Did you ever find a solution to this?

Re: To visit this section of TurboTax: With your return open...

DaveF1006 — Thu, 13 May 2021 19:29:07 GMT

It depends. Did you sell your stock after exercising and did you receive this check in 2020 or 2021? Also was the check issued from the Brokerage or your employer?

Re: To visit this section of TurboTax: With your return open...

lhicksburne — Tue, 07 Mar 2023 16:34:24 GMT

This does not work, this was outdated in 2020