My RSU's were converted during a merger which has produced a 1099-B but I have not sold anything. Does the IRS consider this a sales in this scenario?

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My RSU's were converted during a merger which has produced a 1099-B but I have not sold anything. Does the IRS consider this a sales in this scenario?

Yes. A 1099-B very definitely indicates a sale has taken place. You really have sold something, even though the stock you currently own has a name virtually the same as the stock you used to own.

Tom Young

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My RSU's were converted during a merger which has produced a 1099-B but I have not sold anything. Does the IRS consider this a sales in this scenario?

Yes. A 1099-B very definitely indicates a sale has taken place. You really have sold something, even though the stock you currently own has a name virtually the same as the stock you used to own.

Tom Young