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posted Mar 1, 2025 9:45:42 AM

I acquired stocks in a spin-off of a company I was invested in. When filling in for my 1099-B, did I purchase these shares or no?

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1 Replies
Expert Alumni
Mar 2, 2025 9:28:36 AM

If I had bought the original investment of stock that spun-off the second stock, I would report I purchased it.

 

If I had inherited the original investment or had received it as a gift, I would choose those options.