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How do I report in Turbo Tax capital gains from sale of stock after NUA transaction in 2018 where part of gain from subsequent sale is short-term and part is long-term?

Forum|Forum|7 years ago
June 6, 2019
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Example of situation: One share of stock with basis of $15 due to NUA had value of $300 at time of NUA transaction, then was sold 2 months later for $400. $285 of gain should be long term and $100 (appreciation after NUA transaction) should be short term. It's one single sale with two holding periods. Not sure how to reflect this on tax forms. 1099-B from broker just shows as all short term.

TurboTax Premier Online

Best answer by TomYoung

You simply have to make the determination as to the correct reporting and break that one sale into two sales, one short term, one long term. You just make sure that the proceeds and basis of the two sales comes to the correct total for each item.

Tom Young

T

TomYoungAnswer

Employee

You simply have to make the determination as to the correct reporting and break that one sale into two sales, one short term, one long term. You just make sure that the proceeds and basis of the two sales comes to the correct total for each item.

Tom Young

A

aldahlstromAuthor

If I break the sale up, it won't match how broker reported on 1099-B.
Example of situation: One share of stock with basis of $15 due to NUA had value of $300 at time of NUA transaction, then was sold 2 months later for $400. $285 of gain should be long term and $100 (appreciation after NUA transaction) should be short term. It's one single sale with two holding periods. Not sure how to reflect this on tax forms. 1099-B from broker just shows as all short term.