If I sold some employee stock shares through an online brokerage and taxes were taken out at the time of the sale, do I report this on Form 8949 or Form 1099-B?
The brokerage should issue you a Form 1099-B showing the sale of the stock and the taxes withheld. Report this information on Form 8949. This amount will then transfer to your Schedule D for the sale and Form 1040 for the tax withheld on the sale.
The Statutory Notice of Deficiency is part of a series of notices sent by the IRS to propose additional tax, penalties and interest. Learn more from the tax experts at H&R Block.
Do you need to file estimated taxes each quarter? Learn more about quarterly tax payments and get tax answers at H&R Block.
If you’ve received unemployment compensation or a state tax refund, you’ll receive Form 1099-G. Learn more about Form 1099-G and how it affects your taxes.
If you receive a Form W-2G for gambling winnings, you must report the full amount of income shown on the W-2G on your tax return. Learn more from H&R Block.