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Submitted 292 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 149 days ago.

Reason: removed personal information

 
 
 
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Answer 1 / 2

Submitted 292 days ago...

guido

guido

Authority (411)

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.

 

Answer 2 / 2

Submitted 149 days ago...

Fakery

Fakery

Brain (2,476)

When you get a 1099-B it is just another form that you have to include in your taxes for the year. you might have to do additional forms, or pay for a higher service of TurboTax.com to add it to your return.

 
 

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