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siddhesh10star
New Member

Need help to know where to fill in Form-3921 information

I am searching through Turbo Tax UI but did not get a place where I can fill in Form-3921. Can someone help me in detail where I can fill in this information ?

Thanks
5 Replies
Critter
Level 15

Need help to know where to fill in Form-3921 information

That form is informational only ... to be used when you sell the underlying stock to determine basis.  

siddhesh10star
New Member

Need help to know where to fill in Form-3921 information

So suppose I purchased vested stock then I do not have to fill in any information about that and it is not tax deductible ?
Critter
Level 15

Need help to know where to fill in Form-3921 information

Stock purchases are not tax deductible nor are they taxable until you sell them.
qiuye0827
New Member

Need help to know where to fill in Form-3921 information

why then after I import my Form 3921, the tax I owe increases dramatically ?
Critter
Level 15

Need help to know where to fill in Form-3921 information

You cannot import an informational form ... the sale of stock should be on  a 1099-B and you use the info from the 3921 to report any missing info from the broker if needed.  <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f3921.pdf">https://www.irs.gov/pub/irs-pdf/f3921.pdf</a>
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