In the Express Scripts/Cigna exchange, I had 90 shares with a tax basis of 380.80. I received 21 shares of Cigna and 4387.50 cash. What is my basis in the cash?

Jackie334 · ‎June 6, 2019

maglib · ‎June 6, 2019

@Jackie334 In your scenario it is gains but cash is not cash for everyone depending on their cost basis in this deal or anyone reading this, it does depend on your cost basis per share to determine if there is a gain. If you want help in the basis of your new shares....

https://ttlc.intuit.com/replies/7296848

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View solution in original post

maglib · ‎June 6, 2019

@Jackie334 In your scenario it is gains but cash is not cash for everyone depending on their cost basis in this deal or anyone reading this, it does depend on your cost basis per share to determine if there is a gain. If you want help in the basis of your new shares....

https://ttlc.intuit.com/replies/7296848

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

Big-dave10 · ‎June 6, 2019

Your 21 shares have a basis of $380.80. Cash is cash. Your taxable gain is the cash $4,387.50. Congratulations, quite a gain.

maglib · ‎June 6, 2019

see my answer. This is not necesarilly true for all and it does depend on cost basis per share of ESRX....

**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.

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In the Express Scripts/Cigna exchange, I had 90 shares with a tax basis of 380.80. I received 21 shares of Cigna and 4387.50 cash. What is my basis in the cash?