Skip to main content
June 1, 2019
Question

How should I handle tax implications of brokerage transferring stocks to State as unclaimed property in 2017, State selling stocks, and returning cash value to me now?

  • June 1, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Employee
June 1, 2019

You treat it as a sale of stock.  Some states send out 1099-B apparently, some don't.  But in any case the the cash received from the state represents your "proceeds" of the sale of the stock that you owned.

Tom Young