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- 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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2 Comments 2
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.
Here's wishing you many Happy Returns
