RobertB4444
Expert Alumni

Get your taxes done using TurboTax

You are correct.  The dollar value of the stock that you received (at the time that you received it) is treated on your tax return like it was a cash payment for the stock that you lost. 

 

That dollar value also becomes your new basis in the stock received for when you sell it.

 

@Pinkzpimp395 

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