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March 1, 2025
Question

I acquired stocks in a spin-off of a company I was invested in. When filling in for my 1099-B, did I purchase these shares or no?

  • March 1, 2025
  • 1 reply
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    1 reply

    March 2, 2025

    If I had bought the original investment of stock that spun-off the second stock, I would report I purchased it.

     

    If I had inherited the original investment or had received it as a gift, I would choose those options.

     

     

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