What is the name of your state? Michigan
I bought a stock in a company that was subsequently acquired for a mix of 90% stock and 10% cash. The cash proceeds showed up as Gross Proceeds on my Tax Statement from my online broker. TurboTax keeps asking for the cost basis but what is that based on? 10% of my original cost basis in the stock that was acquired?
I bought a stock in a company that was subsequently acquired for a mix of 90% stock and 10% cash. The cash proceeds showed up as Gross Proceeds on my Tax Statement from my online broker. TurboTax keeps asking for the cost basis but what is that based on? 10% of my original cost basis in the stock that was acquired?