Investors & landlords

Simple. These stocks are an investment sale and the cost for you is explained below. The date acquired can be selected as 'Something other than a date', then select 'Various'. You will need to know if you have held the stock short term or long term (see holding periods below).

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

Tax Basis Example:  Assume a shareholder has an aggregate $100 basis in 50 shares of ABC stock ($2 per share), and the fair market value of one share of ABC stock is $66.65. Following the ABC Merger, the shareholder should have an aggregate $100 basis in 64.1 shares of ABC stock (50 shares x 1.2820, or $1.56 per share), and should be treated as having sold 0.1 shares of ABC stock with a tax basis of $0.156 ($1.56 x 0.1 shares) for $6.67 ($66.65 per share fair market value x 0.1 fractional shares).

Once you have your information you will complete the entry in TurboTax using the following steps.

1. Open (continue) your return if it isn't already open.
2. In TurboTax, search (upper right) > Type 1099B  Press enter > then select the Jump to link 
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2024?
   • If you see Here's the info we have for these investment sales, select Add More Investments.
4. Answer NO to Did you get a 1099-B or brokerage statement for these sales?  
5. Follow the instructions.