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w-cubed
New Member

I received div. reinvestments in stock I owned for more than 10 yrs and was liquidated in 2017. Do I need to report each indiv reinvestment as acq. or just final total?

 
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Anita01
New Member

I received div. reinvestments in stock I owned for more than 10 yrs and was liquidated in 2017. Do I need to report each indiv reinvestment as acq. or just final total?

If you received a dividend reinvestment within 12 months of the sale date, then you need to break the sale into 2 parts-long-term and short-term.  The short term sale would be for the shares purchased with the reinvestment during the last 12 months prior to the sale.  The long-term sale would be for the total shares bought with the total of all reinvested dividends more than 12 months before.  You only need these 2 transactions, not one for each reinvestment.

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2 Replies
Anita01
New Member

I received div. reinvestments in stock I owned for more than 10 yrs and was liquidated in 2017. Do I need to report each indiv reinvestment as acq. or just final total?

If you received a dividend reinvestment within 12 months of the sale date, then you need to break the sale into 2 parts-long-term and short-term.  The short term sale would be for the shares purchased with the reinvestment during the last 12 months prior to the sale.  The long-term sale would be for the total shares bought with the total of all reinvested dividends more than 12 months before.  You only need these 2 transactions, not one for each reinvestment.

w-cubed
New Member

I received div. reinvestments in stock I owned for more than 10 yrs and was liquidated in 2017. Do I need to report each indiv reinvestment as acq. or just final total?

Thank you TurboTaxAnita!

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