jlgcats
New Member

How do we claim monies received from a stock merger in Turbo Tax as we tried putting it in under Stocks Mutual Funds Bonds and did not like it. No 1099 was recd. from co

We received cash and stock when a company we owned merged.  We put the fractional shares given in Turbo Tax and things were fine.  We tried to account for the cash received; however, not really sure where we are to put that.  We received no 1099 from the company and the corporate action advice sheet we did receive lists the cash as principal.  We tried putting this in under stocks, mutual funds, bonds, but the numbers just did not seem right.  Any thoughts would be helpful.  Thanks