Cash to boot merger in Turbotax Business

[nef123]

Where and how to input a cash to boot merger data and adjusted cost basis for stock in turbo tax business? Can Business do a cash to boot merger?  I don't need a cost basis tutorial.  I have all the numbers computed.

[DaveF1006]

To clarify, 1065 or 1120S?

[nef123]

The business classification is 1065 llc, with K-1s to be distributed to members of the partnership.

[ErnieS0]

Please clarify your question. Did your partnership merge with a corporation (you mention stock)? Or did the partnership hold an investment in another entity that was merged? It is very unclear with your situation is and what you are trying to enter.

[nef123]

LLC's purpose is HOLDING ASSETS.  The held assets where company stock.  The company was merged into another company for cash plus stock in the new company; a cash-to-boot merger.   I have all the numbers computed.  Where and how to input the adjusted cost basis of the new stock exchanged for the old stock?  

FYI, K-1 deadline is March 15, 2023.  I've filed using other tools.  This discussion is probably more appropriate for future referrals or system updates, as desktop support not able to address.