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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: How to input 250 shares of Orange Corporation common stock received as a stock dividend. fair market value of 12,500. no option of receive cash
How to input 250 shares of Orange Corporation common stock received as a stock dividend. fair market value of 12,500. no option of receive cash
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ocartagena_9190
Level 1
02-24-2023
09:49 PM
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George4Tacks
Level 15
02-25-2023
10:50 AM
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As @sjrcpa said, are you sure it is taxable. Generally the value per share of the original stock is reduced to offset for the cost basis of the new shares.
A few of us are old enough to remember the spin off of all of the baby bells. That was so much fun that Tax Tools even put in a module to help allocate the basis.
Answers are easy. Questions are hard!
