How do I record a book exchange for securities? I have stock in a bank that was bought out by another bank.

[JohnB5677]

There is no taxable transaction unless the stock was sold.

• This is only like changing wallets, the value inside is the same.
• Make sure you have record of all of the stock's original value.
• When banks make these transfers, they may not retain the original basis of the stocks.

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