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I have a 1099-B from the sale of stock I received when company spun off a portion. I didn't "buy". How do I handle for taxes?

 
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MinhT1
Expert Alumni

I have a 1099-B from the sale of stock I received when company spun off a portion. I didn't "buy". How do I handle for taxes?

If you received the stock from a spin off, you can say that you bought the stock (as you bought the stock that gave rise to the spin off) and that your cost basis is 0.

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