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Blackstone Group LP reorganized to a corp. in 2019 and units were exchanged for common stock in the new Blackstone Group Inc. How & where do I report this on my return

 
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ThomasM125
Expert Alumni

Blackstone Group LP reorganized to a corp. in 2019 and units were exchanged for common stock in the new Blackstone Group Inc. How & where do I report this on my return

Normally, you would receive a form 1099-B from the company if there was a taxable transaction involved. You would report that in the "Investment Income" section of TurboTax, and then "Stocks, Mutual Funds, Bonds and Other."

 

If there was a taxable gain or loss to be reported, you would report it as an investment sale, by listing your sale amount less the cost basis of the investment.

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