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October 11, 2024
Question

How to report a 1099 gain due to a merger only, no stock sale

  • October 11, 2024
  • 1 reply
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I received a 1099 from Etrade that shows a gain due a merger between OCDX and QDEL (2022).  There was no stock sale or financial gain. No cost basis given.   Do I simply report the gain and the cost basis as the same amount?

How would you show in Turbo tax that is was from a merger only (8949).

    1 reply

    Employee
    October 11, 2024
    No text available
    dsatt561Author
    October 11, 2024

    There is no cost basis.  Do I put in the same value?

    Employee
    October 11, 2024
    No text available