Need help with 1099b box 1a

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.

691

Expert Alumni

Apr 12, 2021 5:54:27 PM

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.

New Member

Apr 12, 2021 7:08:43 PM

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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Need help with 1099b box 1a