tlinstrom
Returning Member

Get your taxes done using TurboTax

I understand how to calculate the cost basis under the normal circumstances.  However, I sold that stock years ago after the merger.  So my cost basis was already 'used' when I filed taxes that year.  This transaction last year was a payout for a law suit settlement on the merger stock price.  I didnt buy any stock, I was just awarded this amount and it came in the form of a one time purchase/sell transaction.  In fact, that stock didnt exist when the transaction occurred.

 

I'm sure I've missed something here, but not sure how to move forward.