received lump sum of a private stock sale in 2021 from a stock investment made in 1988. I received no 1099-B as the company accountant stated as "no tax documents are needed when there is a sale/purchase of privately held stock"
I received the income in the from of a bank transfer to my personal bank account.
I don't know the process of how to capture this income on my TurboTax, Self Employed software / tax return?
when you get to the capital gain selection in Turbotax and it asks if sold any investments in 2021 answer yes. when it asks if you got 1099-B answer no. check i'll enter one at a time. a drop-down should open where you can enter all the necessary info.
THanks for your answer, however, I never saw the questions i was to see, nor did I ever get questioned as to not providing 1099-B. Maybe I was in the wrong section in trying to put in my lump sum income. Maybe it was Capital Gains? I dont think I ever saw that. I just tried to look for 1099-B part anywhere.
Maybe I'll just start over
I found the way in using desktop....but someone would have to walk you thru, step-by-step if you are using Online software
(I've been using this program for over 20 years, and the Online entry of yoru situation, seems all buggered up to me):
For Desktop software, you would start here: