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Last year I sold common stock I had obtained in the stock…

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Last year I sold common...
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: 2 years ago.Category: Tax
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Answered in 5 minutes by:
2/29/2016
Tax Professional: Lev, Tax Advisor replied 2 years ago
Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 32,838
Experience: Taxes, Immigration, Labor Relations
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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.

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Tax Professional: Lev, Tax Advisor replied 2 years ago

Gross proceeds from form 1099B is your sale price.

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Tax Professional: Lev, Tax Advisor replied 2 years 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.

.

Otherwise...

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