|
#1
| |||
| |||
| cg1 wrote: - quote - > I had 50 shares of my company's "Restricted Stock" vest. I
Then go over your broker's statement with a fine tooth comb,> ended up selling it last year. After taxes were removed, it > came to 34 shares. They sent me a check. > On my 1099-B, the transaction shows up there. > My question > ============= > How do I report this on my tax return? I'm using TurboTax > Premiere (going through the 'interview' process) and any > guidance would be appreciated. Do I enter it as a Stock > Option sell somehow?? > I know the $ was already taxed, I'm just worried I still > need to at least report it since it's on my brokerage's > 1099-B that I received. and discover hos much paid for the stock, assuming they advanced the funds with which "you" purchased the stock. What you'll probably find, is that after their commission for selling the stock, you have a small capital loss. ChEAr$, Harlan Lunsford, EA n LA 24 Mar 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| | |||
| |||
| "cg1" <twqwctf[at]netzero.net> wrote: - quote - > I had 50 shares of my company's "Restricted Stock" vest. I
The cost you put in Schedule D is what you paid plus the W-2> ended up selling it last year. After taxes were removed, it > came to 34 shares. They sent me a check. > On my 1099-B, the transaction shows up there. > My question > ============= > How do I report this on my tax return? I'm using TurboTax > Premiere (going through the 'interview' process) and any > guidance would be appreciated. Do I enter it as a Stock > Option sell somehow?? > I know the $ was already taxed, I'm just worried I still > need to at least report it since it's on my brokerage's > 1099-B that I received. income that you already paid tax on. Typically you will end up with a small short-term capital loss (broker's fees). -- Tom Healy, CPA Boulder, CO Web: http://www.tomhealycpa.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
| |||
| |||
| I had 50 shares of my company's "Restricted Stock" vest. I ended up selling it last year. After taxes were removed, it came to 34 shares. They sent me a check. On my 1099-B, the transaction shows up there. My question ============= How do I report this on my tax return? I'm using TurboTax Premiere (going through the 'interview' process) and any guidance would be appreciated. Do I enter it as a Stock Option sell somehow?? I know the $ was already taxed, I'm just worried I still need to at least report it since it's on my brokerage's 1099-B that I received. thank you. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| question, restricted, stock |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Tracking Restricted Stock Jeff: Our company gives out Restricted Stock units - these are actual shares of stock that has a vesting schedule instead of options where they are an... | Microsoft Money | 4 | 04-03-2007 07:06 PM | |
| Restricted Stock Doubleagle: What is the best way to set up restricted stock in Money 2005? Does Money 2006 have any specific functionality for restricted stock? | Microsoft Money | 2 | 03-19-2006 09:44 PM | |
| Restricted Stock mfogarty: Many companies are moving away from granting stock options to granting restricted stock. It does not appear, however, that Money 2005 or Money 2006... | Microsoft Money | 1 | 08-03-2005 04:01 AM | |
| Restricted Stock Least: I would like to enter restricted stock i received from my company. The stock vests over 4 years and are immediately available to sell. These are... | Microsoft Money | 1 | 06-12-2004 04:01 PM | |
| Restricted stock grant Chris: Anyone know how to enter employee restricted stock grants into Money 2004? I thought it would be in there since Microsoft itself has switched from... | Microsoft Money | 1 | 05-01-2004 09:16 PM | |
| Thread Tools | |
| Display Modes | |
| |