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T
tyner
June 4, 2019
Question

The taxable merger of Seattle SpinCo with MFGP resulted in a loss for me, but a loss is not allowed per the terms of the merger. How do show this in TurboTax?

  • June 4, 2019
  • 1 reply
  • 0 views
63 shares of Seattle SpinCo with a cost basis of $310.93 redeemed/exchanged at $253.84 for 8 shares of MFGP and $20.58 cash in lieu of fractional shares. This results in a loss, but a loss is not allowed in the terms of the merger.

1 reply

C
CarolynM
Employee
June 4, 2019

Adjust your cost basis to the same as the redeemed value so that you don't appear to have a loss. 

O
onoc96746
June 4, 2019
Does the payment of $253 affect the cost basis of MFGP?
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