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New Member
posted May 31, 2019 5:30:04 PM

I sold S-corp stock and will receive the pay out over 5 years. Do I report only the amount paid this year or the whole amount of the transaction?

0 3 8004
3 Replies
Level 13
May 31, 2019 5:30:05 PM

I take it that the stock is not publicly traded and I assume that you have a gain on sale.

If so, you can use the installment method for reporting the sale. 

https://www.irs.gov/taxtopics/tc705.html

I'm not sure if all versions of TurboTax online support installment sales or not, but all desktop versions do.

Tom Young


New Member
May 31, 2019 5:30:06 PM

Not publicly traded, and a gain.  Installment Sales section tells me this transaction doesn't qualify and to enter under normal stock sale section.  I answered the question of "Was this item used in a business" as "NO". Should I say that this was used in a business since it it the stock in that business?

Level 13
May 31, 2019 5:30:08 PM

Yes, that should work.