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dsatt561
New Member

How to report a 1099 gain due to a merger only, no stock sale

I received a 1099 from Etrade that shows a gain due a merger between OCDX and QDEL (2022).  There was no stock sale or financial gain. No cost basis given.   Do I simply report the gain and the cost basis as the same amount?

How would you show in Turbo tax that is was from a merger only (8949).

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3 Replies

How to report a 1099 gain due to a merger only, no stock sale

You should report the transaction as it appears on your 1099-B (including an adjustment code, if any).

dsatt561
New Member

How to report a 1099 gain due to a merger only, no stock sale

There is no cost basis.  Do I put in the same value?

How to report a 1099 gain due to a merger only, no stock sale

Yes, whatever appears on the 1099-B.

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