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Lev
Lev, Tax Advisor
Category: Tax
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Experience:  Taxes, Immigration, Labor Relations
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Last year I sold common stock I had obtained in the stock

Customer Question

Last year I sold common stock I had obtained in the stock purchasing program at a former employer. I received a Form 1099-B Proceeds from Broker and Barter Exchange Transactions for the sale with my 1099-DIV tax forms, but I am unsure if i need to include this as income in my return or where to include.
Submitted: 9 months ago.
Category: Tax
Expert:  Lev replied 9 months ago.

Yes - both information must be included into your tax return.
Dividends are reported on from 1040 lines 9a and 9b.

The sale transaction is reported on form 8949 - depending how long shares were held - short term or long term.

Expert:  Lev replied 9 months ago.

Gross proceeds from form 1099B is your sale price.

Expert:  Lev replied 9 months ago.

You would need to know your basis.

It might be reported by your broker on form 1099B and partially might be reported on W2 form box 12 with code "L"

Let me know if you need any help with reporting.

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Otherwise...

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