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Investors & landlords
"and the other for the stock which I have not sold."
A 1099-B reports a SALE, as sale of the Infinity IPCC stock. I assume what you're saying here is that you got 2 1099-Bs for you sale of Infinity IPPC, one for the cash received, ($49.58) x (# of infinity shares sold), and another for the stock received, (1.2332*) x (# of infinity shares sold)? Was the second 1099-B showing proceeds in "shares" or the $ value of the shares.
* Are you sure about this number? Everything I read indicates the number is 1.2019, not 1.2332.
A 1099-B reports a SALE, as sale of the Infinity IPCC stock. I assume what you're saying here is that you got 2 1099-Bs for you sale of Infinity IPPC, one for the cash received, ($49.58) x (# of infinity shares sold), and another for the stock received, (1.2332*) x (# of infinity shares sold)? Was the second 1099-B showing proceeds in "shares" or the $ value of the shares.
* Are you sure about this number? Everything I read indicates the number is 1.2019, not 1.2332.
‎June 6, 2019
2:17 AM