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Private company stock sale

I sold all of my shares in a private company in 2024. 3 questions:

1. How do I report the sale in Turbo Tax? As a 1099s or something else?

2. For Turbo Tax, are these restricted stock units?

3. Part of the sale was a note, but all was paid in 2024. How do I report the interest in Turbo Tax? As a 1099int or something else?

Best answer by DavidD66

1.) You report it as if you had a Form 1099-B. When asked if you received a Form 1099-B, answer No.

2.) No, your private company shares are NOT Restricted Stock Units (RSUs).

3.) Report it as if you received a Form 1099-INT.

1.) You report it as if you had a Form 1099-B. When asked if you received a Form 1099-B, answer No.

2.) No, your private company shares are NOT Restricted Stock Units (RSUs).

3.) Report it as if you received a Form 1099-INT.

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d27Author

For the Form 1099-B, how do I answer: what type of investment did I sell?

For type of investment sold, you should choose Stock (non-employee).

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