T-Mobile gifted customers 1 share of their stock, and the service they let us use to 'monitor' performance went under. We were then required to pay a fee to the service they were transferring us to, or we had the option to sell.
I don't play stocks personally, so I took the small amount to buy out. Apparently, this small event puts me into a super complicated tax situation because of an extra form.
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It is income and I can show you how to enter it in line 21 to be reported as other income.
It will not get the more favorable capital tax treatment, however it will be reported and you may be paying a couple extra dollars in tax.
Below is answer on very similiar question I answered earlier. Just add stock as narrative and enter the amount of $23.
It is income and I can show you how to enter it in line 21 to be reported as other income.
It will not get the more favorable capital tax treatment, however it will be reported and you may be paying a couple extra dollars in tax.
Below is answer on very similiar question I answered earlier. Just add stock as narrative and enter the amount of $23.
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