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Level 2
Jan 17, 2023 2:38 AM UTC
Question

TWITTER INC. REORGANIZATION

HI,

 

MY NAME IS TONY121, I OWNE STOCK IN A COMPANY THAT WENT THRU A REORGANIZATION ON 10/2022. MY POSITION WAS LIQUIDATED AND A CASH REFUND WAS MADE TO MY ACCOUNT. MY QUESTION IS DOES TWITTER INC. GENERATE A 1099-B FOR MY REPORTING TO 1040 TAXES FOE ANY REALIZED GAIN AND/OR LOSSES??

2 replies

Alumni - Champ
Jan 17, 2023 2:57 AM UTC

Your broker will generate the 1099B.

fanfare
Level 15
Jan 17, 2023 3:10 AM UTC

"REFUND WAS MADE TO MY ACCOUNT."

 

Did you purchase those shares using this account?

If yes, then the broker knows your cost basis.

 

@tony121