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Baxalta Acquisition Tax Accounting
A stock we owned (Baxalta) was bought by a European firm (Shire) in a taxable event. We received cash as well as shares in the European firm. I see how to account for the short term and long term capital gain but am at a loss how to enter the new shares of the European firm and how to show the tax consequences. How do we handle this in Turbo Tax?
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‎June 4, 2019
7:09 PM