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    Capri1661's Avatar
    Capri1661 Posts: 1, Reputation: 1
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    #1

    Feb 1, 2009, 11:01 PM
    Report employer stock sale if no 1099B was issued?
    This is confusing. My employer was told by their CPA that they did not have to issue a 1099B for stock the shareholders sell back, because their business is not selling stock (they are not a broker), but I think the income needs to be reported by the shareholder who sold the stock. Am I correct? I know some employee shareholders who are tempted not to because there was no 1099B. Thanks for you help in advance.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 2, 2009, 04:09 PM
    Legally, if you sold a capital asset (and stock IS a capital asset), the sale and the resultant gain or loss must be reported on Schedule D.
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