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Level 2
January 17, 2023
Question

TWITTER INC. REORGANIZATION

  • January 17, 2023
  • 2 replies
  • 10 views

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
January 17, 2023

Your broker will generate the 1099B.

fanfare
Level 15
January 17, 2023

"REFUND WAS MADE TO MY ACCOUNT."

 

Did you purchase those shares using this account?

If yes, then the broker knows your cost basis.

 

@tony121