Express Scripts and Cigna merged in 2018. I owned Express Scripts stock at the merger. I received a 1099-b from Vanguard that shows proceeds of a sale of all of my Express Scripts stock even though I didn't sell anything. The Express Scripts stock was converted to Cigna stock. How do I handle this?
You'll need to sign in or create an account to connect with an expert.
A stock exchange in a merger is not a sale and is not taxable. You do not report that form 1099-B.
If you did not receive any cash from the transaction, the cost basis of the Cigna shares that you received is the cost basis of your old Express Scripts shares.
A stock exchange in a merger is not a sale and is not taxable. You do not report that form 1099-B.
If you did not receive any cash from the transaction, the cost basis of the Cigna shares that you received is the cost basis of your old Express Scripts shares.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
KraziMM
Level 1
VolvoGirl
Level 15
barbsmith35
Returning Member
JHH123
Level 2
pachea77
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.