November 21st 2019 Milacron was acquired by Hillenbrand. They accelerated the vesting schedule for the non-vested RSU's and RSA's and gave cash for these Milacron vested shares at $11.80 per share plus 0.1612 new shares in Hillenbrand for every share in Milacron. The FMV at close for Milacron shares was $16.8391. The Hillenbrand shares at the close of business was 31.26 from form 8937. If you multiply 31.26 x 0.1612 = 5.0391(stock portion). If you had this to the $11.80 (cash portion) + 5.0391=16.8391 the FMV at close of business for Milacron.
So I have two questions:
1) How do I enter this into Turbotax, I don't seem to be able to find the right place in the step by step interview.
2) Would there be any gain or loss as the cash and stock portion appear to balance each other out?
The way Turbotax has calculated this right now is showing a capital gain loss because the Milacron FMV was originally $16.8391 per share but the net proceeds on 1099B is showing the cash portion only $11.80 so it shows a capital loss of 5.0391 per share.
