How to report WSFS / BNCL acquisition proceeds

marion1 · ‎March 16, 2020

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?

DavidD66 · ‎March 16, 2020

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

marion1 · ‎March 21, 2020

Sharing this calculator tool I recently discovered:

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

Expert does your taxes

Do it yourself

Resources

Support

How to report WSFS / BNCL acquisition proceeds