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The EMC Dell merger resulted in EMC shares being converted to (a) cash $24.05 / EMC Share; (b) 0.1115 Shares of DVMT / EMC share; (c) CIL. How to input in turbotax?
I think I have the cost basis worked out, but any insight on whether turbotax will estimate the cost basis and cost basis allocation starting from a known basis for the EMC Shares would be helpful. My understanding this merger is considered almost two parts: (1) Cash to boot stock merger with cash; and (2) Merger with tender / stock issuance. I'm trying to understand how to input into turbotax. In addition, during the conversion of EMC stock to DVMT stock I end up with a fractional share which was provided as "Cash in Lieu (CIL)" of $49.50/share DVMT
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May 31, 2019
6:17 PM