1099-B do these sales include any employee stock

Forum|Forum|1 year ago
April 6, 2025
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I'm entering stock sales from a 1099-B and Turbo Tax is asking if the sales include any employee stock. The stock was originally from employer stock plans, and is now vested and in a brokerage account.

If I select "yes" on employee stock, Turbo Tax then "strongly suggests" that I enter all sales individually and says something about changes in cost basis, and about crypto. This seems to be new for 2024 in Turbo Tax as far as I recall.

In the past I've entered covered sales in summary, and entered non-covered sales individually (the latter to avoid having to physically mail in information to the IRS) . . . hoping this is still a valid approach? Is there any difference in tax treatment based on whether I choose "yes" or "no" to the question on employee stock?

JamesG1

At the screen We strongly suggest entering sales one by one, you have the option of:

Enter sales totals instead, or
Enter one by one.

When the software sees that you have employee stock, it immediately thinks it will be necessary to adjust a cost basis and recommends the One by one method. The keystrokes may have changed from last year but the software is performing in essentially the same way.

You may continue to enter covered sales in summary fashion.

You may continue to enter non-covered sales on a One by one fashion.

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