If you cashed in company stock, do you claim this as income

posted

You probably do need to report the sale if you got a 1099-B. It's not the "cashed in amount", i.e., the proceeds from the sale, that's the income, it's the gain or loss on the sale that affects your taxes.

In the TurboTax "online" world you need to upgrade to Premier to report the sale.

Tom Young

I have rental property with active participation, so losses were allowed on Federal but not CAL taxes--selling the property

in Business & farm

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