I believe what you are saying is that you are giving up your stock for stock in the new cooperative, a little each year. If so, you have a sale of an investment that you need to record in TurboTax.
You would report this as a sale of stock by using these menu tabs in TurboTax:
- Income and expenses
- Investment income
- Stocks, Mutual Funds, Bonds, Other
- Indicate the you did not receive a form 1098-B
- Choose I'll enter a summary of each sales category
- Enter the value of the stock received as the proceeds
- Enter the cost basis of the shares you surrendered as the cost basis
- Designate the holding period as long term, assuming you held the shares more that one year
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