bkb304
Level 1
12-07-2019
02:22 AM
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sjrcpa
Level 15
12-07-2019
02:22 AM
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Are you saying the transaction is not taxable? If it is not, enter basis = sales price.
Strange to get a 1099-B on a nontaxable transaction.
The more I know, the more I don't know.
rbynaker
Level 13
12-07-2019
02:22 AM
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I agree. I don't see qualified reorganizations on a 1099-B. This smells like something else, probably something taxable.
Just-Lisa-Now-
Level 15
12-07-2019
02:22 AM
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sold one and bought another,...isn't that swap? :smile:
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
rbynaker
Level 13
12-07-2019
02:22 AM
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I have several clients who seem to think so. "But I didn't take any of that money out, I just used it to buy different stocks so I shouldn't have to pay tax on it.":laughing: