Tom,
After inputing my 1099-B information into Turbo Tax, it shows income of $5202. Do I need to do any other calculations? I'm confused with the 86% Exchange and 13% Redemption information. Thank you for your help.
9/7/2016 EMC merger with Dell. Sold 315.339 shares @ $24.05. I received $7583.90 cash and 35 shares DVMT.
9/8/2016 I bought 150 shares DVMT with cash received.
9/20/2016 I received $7.15 cash in lieu of fractional shares.
1099-B
DESCRIPTION PROCEEDS ACQUIRED COST BASIS. GAIN
Short Term Covered Tax Lot:
EMC Corp Mass Mgr. 68.96. Various. 56.94. 12.02
Long Term Covered Tax Lot:
EMC Corp Mass Mgr. 155.65. Various. 143.34. 12.31
Long Term Noncovered Tax Lots:
DELL Tech INC Com CL V. 7.15. 3/14/05. 6.97. 0.18
EMC Corp Mass Mgr. 7,359.30. Various. 2181.46. 5177.84
Total Gain. 5202.35
