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As a non employee advisor, I received stock options that were exercised for a gain. How do I report this income and what type of form should I expect from the company?

 
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1 Reply
LeonardS
Expert Alumni

As a non employee advisor, I received stock options that were exercised for a gain. How do I report this income and what type of form should I expect from the company?

You will receive a Form 1900-B.  To report the sale of our stock on Form 1099-B follow these steps.

  •  With TurboTax open enter 1099b form in the search box.
  • Then select Goto 1099-B in the results window.
  • Follow the prompts to the page Now we'll walk you through entering the info on your  1099-B
  • From the dropdown menu What type of investment did you sell? You will select how you obtained the stock.
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