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eagle4cat
New Member

I received a 1099-B. TurboTax only allows entries for non-employee stock. I am an employee and I didn't actually sell stock. The Action has Cash In Lieu. What do I do?

 
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3 Replies
ColeenD3
Expert Alumni

I received a 1099-B. TurboTax only allows entries for non-employee stock. I am an employee and I didn't actually sell stock. The Action has Cash In Lieu. What do I do?

Here is a link that may help.1099-B

eagle4cat
New Member

I received a 1099-B. TurboTax only allows entries for non-employee stock. I am an employee and I didn't actually sell stock. The Action has Cash In Lieu. What do I do?

Thank you, but that doesn't answer the main part of my question.  I did put in the 1099-B in the place listed in the reply, however, my concern is it lists stock non-employee.  I am an employee of the place the stock is from.  Where does stock owned by an employee go when the action is cash in lieu on the 1099-B?

RobertG
Expert Alumni

I received a 1099-B. TurboTax only allows entries for non-employee stock. I am an employee and I didn't actually sell stock. The Action has Cash In Lieu. What do I do?

Here is how to enter your 1099-B.

 

When you go to enter your 1099-B, TurboTax will ask 'Do these sales include any employee stock? This includes ESPP, RSU, RS, NQSO, and ISO.'

 

These are types of stock you receive at a discount, and the discount is reported as compensation.

 

If your stock is none of those things, it is non-employee stock, even if you are an employee.

  1. When you are asked What type of investment did you sell?​​​​​​​
  2. You should select 'Stock (non-employee)', and enter the remaining information on that page; then select 'continue'.
  3. The next screen will say 'Let us know if any of these situations apply to this sale'. 
  4. You will be asked if  'This was a stock from an employee stock ownership plan (ESOP) or eligible worker-owned cooperative (EWOC).' 
  5. If not, say no and continue to report the sale.

 

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