These were ISO options that I exercised in 2007. The stock from that sold last year. None of the options in "What type of investment did you sell?" seem to describe that.

Forum|Forum|3 years ago
February 19, 2023
1 reply
0 views

In 2007, I was granted options as part of employment compensation. I think that makes them ISOs. I exersized them immediately. I held the stock until last year when they sold as part of a merger. This generated 2 1099-Bs.

This was and un-traded company and the stocks could only be sold to the CEO/Owner.

Is this Stock (non-employee), Restricted Stock Units, or Restricted Stock Awards? None seem to fit.

TurboTax Premier Online

JosephS1

Since there is a long period of time between exercise and sale I believe you can safely list the sale as stock (non-employee) rather than an ISO sale, for which you would need additional information for your adjusted cost basis, if provided.

If you have been supplied with supplemental information about additional cost basis, if any, you can list the sale as an ISO, adjust the basis if it differs from the 1099-B, if provided, and complete the transactions as per the 1099-B's and supplemental information.

The screenshots below should guide you in entering your transactional data.