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marion1
New Member

How to report WSFS / BNCL acquisition proceeds

Beneficial Bancorp (BNCL) was acquired by WSFS Finl Corp on 3/4/19. BNCL shareholders received 0.30130 shares of WSFS + $2.93. Is the resulting gain the total cash received?

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2 Replies
DavidD66
Expert Alumni

How to report WSFS / BNCL acquisition proceeds

I recommend you go to the Investor Relations website for Beneficial Bancorp and/or WSFS Financial Corp.  They will have posted the details of how shareholder need to report this transaction for tax purposes. 

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marion1
New Member

How to report WSFS / BNCL acquisition proceeds

Sharing this calculator tool I recently discovered:

https://www.costbasis.com/calculators/cashtobootmerger.html

 

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