You should receive a Form 1099-B if you sold any company stock. You would enter the sale in the Investment Sales section of TurboTax. If you simply acquired company stock, you may not have a taxabe event, but if there was any taxable income associated with it, it should be reported on your W-2 form, in box 1 along with your wages. In that case, all you need to do is enter your W-2 information in TurboTax. Follow these steps to enter employee stock sales in TurboTax: Choose the Federal option on your left menu bar Choose Wages & Income Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option Choose the Stocks, Bonds, Mutual Funds option Indicate that you did not get a 1099-B form if that is so Choose the I'll enter one sale at a time option Enter the sale proceeds and cost basis Choose the holding period (short term less than 1 year, long term 1 year or more) Indicate the stock was acquired through an employee stock plan

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Celery63

Question

What to fill in form 8949 for exercising company option?

Forum|Forum|3 years ago
February 23, 2023
1 reply
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TurboTax Premier Online

ThomasM125

You should receive a Form 1099-B if you sold any company stock. You would enter the sale in the Investment Sales section of TurboTax. If you simply acquired company stock, you may not have a taxabe event, but if there was any taxable income associated with it, it should be reported on your W-2 form, in box 1 along with your wages. In that case, all you need to do is enter your W-2 information in TurboTax.

Follow these steps to enter employee stock sales in TurboTax:

Choose the Federal option on your left menu bar
Choose Wages & Income
Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
Choose the Stocks, Bonds, Mutual Funds option
Indicate that you did not get a 1099-B form if that is so
Choose the I'll enter one sale at a time option
Enter the sale proceeds and cost basis
Choose the holding period (short term less than 1 year, long term 1 year or more)
Indicate the stock was acquired through an employee stock plan