I was a member of an LLC that was acquired by a publicly traded company in 2024 and received a combo of stock (tax-free exchange) & cash. How do I report the sale info?

I received $85,352 cash and $1,693,098 stock (tax-free exchange). My basis in the LLC was $869,120 as of 12/31/2023. My 2024 K-1 reported $36,950 income.

977

Expert Alumni

Apr 2, 2025 6:01:14 PM

I would assign the new stock received the same basis you had in the LLC ($869.12) and report the $85.352 as cash in lieu, long-term gain.

Why sign in to the Community?

I was a member of an LLC that was acquired by a publicly traded company in 2024 and received a combo of stock (tax-free exchange) & cash. How do I report the sale info?