I have stock of a company which was bought by another company last year, they offer some cash and the same amount of stock of the new company.
on the form 1099-B from the broker, they list the cash part as "Gross Proceeds less Commissions and Options Premiums". How to do with that? I didn't sell the stock. should I list it on the 1040? if yes, where should I list it?
Thank you very much.
tax question, ask for help
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cash (boot) is your capital gain
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04/14/2008 postreply
07:12:21
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but the stock of the new one is actually lower than
-IDM-
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04/14/2008 postreply
09:04:10
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If you don't sell new stock, you have to report gain on this cas
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04/14/2008 postreply
18:34:58