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posted May 31, 2019 11:37:51 PM

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

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1 Replies
Level 13
May 31, 2019 11:37:53 PM

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