Question on the mechanics of entering transactions for some Warner/Discovery stock. The 1099-B from my broker lists a Cash In Lieu transaction (from the merger in 4/22) along with three sales transactions for the same stock which occurred later in the year. This is all classified as long term covered on the 1099-B. The Cash In Lieu transaction (kindly) includes the basis figure.
Since these are all long term covered transactions, can I simply combine the Cash In Lieu transaction with the stock sales in a single entry or does the Cash In Lieu need to be entered separately?
If it needs to be entered separately, how should that be done? Do I enter it the same way as I would a stock sale?
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if the CIL is a covered transaction there's no need for a separate entry.
if the CIL is a covered transaction there's no need for a separate entry.
Sorry for the delay in responding. Thank you very much! I was hoping that would be the case! Much appreciate your help.
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