I got 2024 Final Schedule k-1 from Cedar Fair. Cedar Fair/Six Flags merger on July 1, 2024. TurboTax asked me:
1) Sale price: I got 1099-B with the proceeds of $54 with the description of Six Flags Entertainment Corp. and
sold date was 07-03-2024. Is the $54 considered the Sale price which I should enter on
TurboTax?
2) Basis of partnership interest: Since I don't know what is this and I don't know how to calculate and I owned
only 218 shares of Cedar Fair Stock, can I just ignore it or simply put down
"zero"?
My another question are:
1) After the stock conversion (from Cedar Fair to Six Flag), I did not sell the Six Flag stock. Why I got 1099-B
indicating that I sold the stock (Six Flag Entertainment on the Description) on 07-03-2024 with the Proceeds
of $54?
2) Do I need to report $54 as Capital gain (Form 8949) on my 2024 federal tax?
