Answered: How is a stock swap organizational action, where shares are exchanged and a 1099-B received, recorded on form 8949 (cap gain is deferred until sale)?

bkb304 · ‎12-07-2019

sjrcpa · ‎12-07-2019

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.

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sjrcpa · ‎12-07-2019

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 · ‎12-07-2019

I agree. I don't see qualified reorganizations on a 1099-B. This smells like something else, probably something taxable.

Just-Lisa-Now- · ‎12-07-2019

sold one and bought another,...isn't that swap?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

rbynaker · ‎12-07-2019

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."

How is a stock swap organizational action, where shares are exchanged and a 1099-B received, recorded on form 8949 (cap gain is deferred until sale)?

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