- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
It may not seem like you sold stock A, but in fact you did. When Stock B acquired stock A they bought it, and they re-issued you new shares of stock B.
The basis of all of the shares of stock B that you have is what you sold all of Stock A for.
What you will have to determine is how much you originally paid for stock A. This will become your stock basis that can be deducted from the sales proceeds.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 22, 2021
9:11 AM
462 Views