turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tyner
New Member

The taxable merger of Seattle SpinCo with MFGP resulted in a loss for me, but a loss is not allowed per the terms of the merger. How do show this in TurboTax?

63 shares of Seattle SpinCo with a cost basis of $310.93 redeemed/exchanged at $253.84 for 8 shares of MFGP and $20.58 cash in lieu of fractional shares. This results in a loss, but a loss is not allowed in the terms of the merger.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

The taxable merger of Seattle SpinCo with MFGP resulted in a loss for me, but a loss is not allowed per the terms of the merger. How do show this in TurboTax?

Adjust your cost basis to the same as the redeemed value so that you don't appear to have a loss. 

onoc96746
New Member

The taxable merger of Seattle SpinCo with MFGP resulted in a loss for me, but a loss is not allowed per the terms of the merger. How do show this in TurboTax?

Does the payment of $253 affect the cost basis of MFGP?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question