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Submitted 339 days ago...

sskelly

sskelly

New User (1)

Selling Certificate of stock/stocks

I recently was forced to sell my stock in a company due to a company buyout. I rec'd a 1099-B form from them & I'm not sure how I'm to handle the sell of this stock & what I have to claim as income on my tax return.
Please advise.

Thank you,
Sandra


This answer was edited by a moderator 196 days ago.

Reason: removed personal information

 
Answer
 

Submitted 339 days ago...

guido

guido

Authority (535)

You have to claim the net gain on the transaction, which is the difference between your purchase price and what you sold them for. If you didn't have to pay anything for them, then you claim the full sale price on your taxes.

 

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