- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Does the loss of the merger create a deductible loss?
A company with a reverse split 50 to 1 and my Bank merged and reorganized into another Bank. I still receive a monthly dividend from the New bank. I received a 1099-B and a "Direct Registration Account Statement. I have not sold the stock.
Topics:
June 4, 2019
6:50 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, the merger of your bank is not a taxable event. You will not recognize a gain or loss on an investment until you sell it.
June 4, 2019
6:50 PM