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C
crgoff
June 1, 2019
Question

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

  • June 1, 2019
  • 1 reply
  • 0 views
No text available

1 reply

T
TomYoung
Employee
June 1, 2019

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

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