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I have a 1099b form that shows the cash proceeds from the merger my former company under went. My stocks were transfered to the new company (1:1) and I was also given some money per share. I did not sell any shares.
My 1099b shows the proceeds from the cash part of the merger deal and box 1a shows 0.00 shares.
Where do I enter this information? When I input this 1099b into TurboTax, I can't leave the shares sold as zero and it won't let me lave the cost basis blank.
Not sure what to do.
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The shares sold is not important and it won't show on your tax return, so you can enter "1" and the sale amount as $0.
Thanks.
I dont think I asked the question correctly. I received $17k as part of a merger. This cash was in addition to the 1:1 stock transfer to the new company.
I received a 1099b form for the $17k and box 1a says zero shares sold because I have not sold any of my shares. The cost basis is blank. Proceeds is listed as $17k.
Do I just report the $17k from the 1099b and set the cost basis to 0?
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