You'll need to sign in or create an account to connect with an expert.
Mergers and cash received in mergers.
In some mergers, part of the consideration is provided in the form of cash. For example, in a 1999 merger, shareholders of AirTouch received .5 shares of new Vodaphone AirTouch ADS plus $9.00 in cash for each common share they owned. Here’s how you figure your gain:
This is great information.
In this case, ALTABA, shares were sold and money got reinvested in BABA shares. It was a taxable conversion. Also - not all of my shares were converted. This created the confusion. I have both a 1099-B total gain and a separate cash TENDER amount seen on the ETrade tax form. It looks like the 1099-B gain is the sum of the TENDER and the cash that was reinvested so I don't need to do anything else about the cash. Your reply helped clear that up. Thank you.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
big toes
Level 2
ishcommish
New Member
serendipity
Returning Member
MatthewR87
Returning Member
adamtki69
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.