nrozic
New Member

I have free grant stocks (Starbucks Bean Stock) that vested and that i sold last year; how do i report this income if at all?

As a Starbucks employee, we get free bean stock for signing up and being an employee. I had shares that finished vesting before i quit and i sold them, however im unsure how to report them. The only tax forms in my Fidelity account are 1042-S. What do I report?

Investors and rental owners

If you're a Canadian resident, you will report the 1042-S as foreign income, using the Foreign slip.

 

Non-residents of Canada are taxed on Canadian-sourced income only. Taxes on your income have likely been withheld at the source, so you do not need to report a 1042-S on a Canadian tax return as a non-resident.

 

 

 

nrozic
New Member

Investors and rental owners

Hi, thanks so much! I wanted to also ask am i supposed to input information for Capital gains and capital gains deduction? I’m unsure where i would find the information for those boxes, as I sold grant stocks and I’ve never purchased any stocks. 

nrozic
New Member

Investors and rental owners

@TurboTax_Susan Hi, thanks so much! I wanted to also ask am i supposed to input information for Capital gains and capital gains deduction? I’m unsure where i would find the information for those boxes, as I sold grant stocks and I’ve never purchased any stocks. 

Investors and rental owners

You can find your eligible taxable capital gains as reported on Form T657 from your combined previous years' tax returns. The Capital Gain Deduction page shows which forms/lines to look at, if that if relevant to your situation.