It depends. If you received a 1099-B for fractional shares due to the exchange then this would be a sale without a cost basis. You would enter the sale and date acquired by selecting 'Something other than a date', then choosing 'Various'. The term would likely be long term if you held the original shares long enough.
Holding Periods:
- Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
- Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)
Enter your sale using the instruction below.
TurboTax Online/Mobile:
1. Select in the left panel Tax Tools > Tools (may have to scroll down)
2. Select Topic Search at the top > Type search term > Go
TurboTax Desktop:
1. Search (upper right) > type 1099b > click the Jump to... link
Please update here if you have additional questions and we will help.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
