How to treat proceeds of merger between companies described as a tax free reorganization pursuant to Section 368. The share holders in the acquired company received stock and cash. Facts: I purchased 1500 shares of a startup company in 1999 and 2003 for $16,500. In 2018, the company was acquired in what was described as a corporate reorganization pursuant to IRC 368. I received 2020 shares of the acquiring company plus $22,968.72 in cash. How do I handle this transaction in Turbo Tax?

[halpalms]

you report the gain......the value of the stock and cash you received minus your basis.