Unclear where to report private stock repurchase

[VM2021]

Hello,

Former employer issued a check for private stock repurchase. No other documentation. Where am I supposed to provide this information? 

Thank you. 

[ToddL99 · Accepted solution]

Enter the sale of private stock in the same place you would enter any stock sale - the Stocks, Mutual Funds Bonds and Other interview.

Enter "stock" in the search window and select "jump to stock" from the search results.

When you come to the screen "OK, what type of investments did you sell?", select "Other" (don't worry, the program will still report it correctly).

See the attached screenshots for aid in navigation:

[VM2021]

Oh I see. So I get to this screen after clicking on Other and Continue:

Should I write the name of the company in Name field since it is on the check?

Thank you.

[ToddL99]

Yes, enter the name of the company in the "Name" field.

[VM2021]

Thank you so much!

[VM2021]

One more follow-up question if you don't mind.

In the drop-down menu for What type of investment did you sell?, should I choose Other? Choosing Stock would make the most sense but it is labeled Stock (non-employee) so it sounds like I shouldn't choose it to report stock repurchase.

Thank you.

[ToddL99]

Choose "Other" - the program will still allow you to enter the necessary information, just without assuming you have a 1099-B. 

Necessary information is: Description, Date Sold, Proceeds from Sale, Cost Basis and Holding Period (i.e. whatever information is necessary to determine how long you held the stock before selling).

While this was a "stock repurchase" from your employer's point of view, it was the "sale of stock" by you.

[VM2021]

Perfect, thank you for the explanation and your help.