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Ood afternoon. In 2015 my 1099B shows I acquired on 1/26/15
ood afternoon. In 2015 my 1099B shows I acquired on 1/26/15 and sold on 1/27/15 (day later) $32,549.85 of MEDTRONIC Inc stock thru a merger with Covidien...no cost basis is shown on the $32,549.85 sal… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I received a CP2000 from IRS for 2016 tax return I filed
Hi - I received a CP2000 from IRS for 2016 tax return I filed with Turbo tax. I think I entered the stock that I had vested and was sold to cover incorrectly ($6k was forced as sell to cover for taxes… read more
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Chad EA, CDFA®, CFP®
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I'm working on my income taxes and have a question about
I'm working on my income taxes and have a question about 1099B statement … read more
Lev
Lev
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I am trying to sort out the tax consequences of the
I am trying to sort out the tax consequences of the Baxter/Baxalta and the Baxalta/Shire common stock exchanges as related to capital gains. The 1099-B forms supplied by Baxalta are very confusing. … read more
Lev
Lev
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One of my stocks had a corporate action. It appears there
One of my stocks had a corporate action. It appears there was a merger I received 1 share of the new stock for every share I held This appears in my account [I believe I have no tax consequences for t… read more
Lev
Lev
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How do I record the cash I received per share in the 2013 Sprint Softbank merger when my t
How do I record the cash I received per share in the 2013 Sprint Softbank merger when my total gain is a loss and my cash in-lieu of fractional shares were a loss?… read more
R. Klein, EA
R. Klein, EA
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I have a retired client with a $84,875 box 1 entry on his
I have a retired client with a $84,875 box 1 entry on his w-2 from the exercise of stock options. His w-2 also has $82,908 in box 12 marked as a V. He has also received a 1099-B reporting $211,205 pro… read more
Lev
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Received cash and stock for stock of a company that was merged
Received cash and stock for stock of a company that was merged into the company that gave me the cash and stock. How is this taxed?… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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How do I report a stock merger that shows on 1099- as 100
How do I report a stock merger that shows on 1099-B as 100 shs of Shaw Grp, Inc. sold with sales price of 4,780 when I actually exchanged the Shaw Grp. for CBI ; also received cash in lieu CBI $47. I … read more
Lev
Lev
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Morgan Stanley sent me a 1099B 2.SALES PRICE OF STOCKS BONDS
Morgan Stanley sent me a 1099B 2.SALES PRICE OF STOCKS BONDS ETC $119,197 NONCOVERED SECURITIES $91,133 COVERED SECURITIES $28,000 3. COST AND OTHER BASIS $28,343 4. FEDERAL TAX WITHELD $0.00 5.WASH S… read more
Lev
Lev
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Bachelor's Degree Equivalent
30,494 satisfied customers
I have a Form 1099-B from Morgan Stanley showing sales for
I have a Form 1099-B from Morgan Stanley showing sales for withdrawals which shows sale prices and cossts bases for all but one $5,000 sale. Both Smith Barney and Morgan Stanley have been unable to de… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have several investments one of which I have a question.
I have several investments one of which I have a question. I purchased shares from AIG after 1 to 20 reverse split. I own 22 shares. Price per share $101.5227 Total cost $2223.15. Warrants issued Jan … read more
Stephen G.
Stephen G.
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My daughter took money out of a Morgan Stanley SmithBarney
My daughter took money out of a Morgan Stanley SmithBarney basic securities account in 2010. It was money her grandfather had given her nearly twenty years ago. Does she have to report this on her tax… read more
Wendy Reed
Wendy Reed
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Master's Degree
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our company gave us restricted stock units in 2007. They vested
our company gave us restricted stock units in 2007. They vested in 2009. At time of vesting, they added the income to our year to date pay and then sold 28% of the stock for taxes. Some of us sold som… read more
Bill
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Received a cash-in-lieu of the fractional share of ...
Received a cash-in-lieu of the fractional share of common stock due me as a result of a 3-for-2 stock split. The check was calculated using 1/3 of the closing price of the shares on 2-14-2007. How do … read more
Anne
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How do I account for a stock spinoff where the ...
How do I account for a stock spinoff where the fractional shares were paid in cash/lieu? (Altria spun off Kraft.) Turbo tax is looking for a purchase date and purchase price for the cash/lieu portion … read more
Bill
Bill
Master's Degree
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My father and I have held stocks in a joint account. He ...
My father and I have held stocks in a joint account. He passed away in April 2007 and now I am the only name on the account. What are the tax implications in regard to selling the portfolio which is a… read more
Wendy Reed
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Master's Degree
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I have liquidated from Sharebuilder (the online from ...
I have liquidated from Sharebuilder (the online from doom) and have 24 fractional stocks that by selling them, I made 394.14. I have been told the IRS has 4 different ways you can calculate, so is the… read more
RD
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