Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 29, 2019 8:27:20 PM

Husband gets stocks through his work. do we claim gains/losses in the stocks yearly? or just when he sells them (and we gain the income)?

0 2 814
1 Best answer
New Member
Oct 29, 2019 8:27:21 PM

In all cases, he will report a capital gain or loss when he sells (or otherwise disposes of) the stock.

That said, whether there is income to report now, and what the cost basis of the stock is (which will affect the eventual gain/loss), depends on how the stock was distributed. Did any amount representing the shares he received appear on any T-slip or other document provided by his employer?

2 Replies
New Member
Oct 29, 2019 8:27:21 PM

In all cases, he will report a capital gain or loss when he sells (or otherwise disposes of) the stock.

That said, whether there is income to report now, and what the cost basis of the stock is (which will affect the eventual gain/loss), depends on how the stock was distributed. Did any amount representing the shares he received appear on any T-slip or other document provided by his employer?

New Member
Oct 29, 2019 8:27:23 PM

thank you I hadn't thought of looking on the t slip