My husband received a 1099-B for the sale of Incentive Units (I think they are similar to RSUs). In the beginning of the sales info section of the 1099-B, it asks "what type of investment did you sell?" and has stock (non-employee), cryptocurrency, mutual fund/index fund/ETF, bond, or options as possible answers. Would the sale of Incentive Units be classified as an option? I think that's the correct answer since employee "stock" is not an answer.
Thank you!
No, it would not be options, that is not associated with company stock. You may have given a wrong answer to the question regarding company stock when you first got into the stock sale section:
If not, you may have a lower version of TurboTax that doesn't address the company stock transactions. But you can choose the stock (non-employee) option if you know what the correct cost basis is and you know how to reflect that when you enter the stock sale. With restricted stock units often the Form 1099-B will not include the vesting value of the shares that you included in income as per the entry for them on your W-2 in the year they vested. If not, you have to enter the cost basis as reported on the Form 1099-B and then enter a corrected cost basis.
On the stock sale screen, indicate that the cost basis is missing or incorrect and you will have an opportunity to enter the correct cost basis:
@ThomasM125 Thank you for your thorough response! I changed the answer to stock (non-employee). Fortunately, I had all of the other information.