I have a loss from EMC/Dell merge.
I had 75 EMC shares (long term) at time of merger. Total actual basis was $4055.
My 1099B reported:
(1) 1500
shares of EMC sold, Proceeds $1803.75, various date acquired, no cost basis.
(2) 0.360
shares of DVMT sold, proceeds $17.41, no date acquired, no cost basis.
Can you advice me
what basis to use for (1) the 86.77% of shares in Section 351 exchange, no loss
cannot be recognized (2) the 13.23% of shares in the redemption, loss may be
recognized and (3) the partial DMVT shares sold later, loss may be recognized?
How do I input them to Turbo Tax?
thanks
