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O
ocartagena_9190-
Level 1
February 25, 2023
Question

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

  • February 25, 2023
  • 2 replies
  • 4 views
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2 replies

sjrcpa
sjrcpa
Level 15
February 25, 2023

Do you think it's taxable?

The more I know the more I don’t know.
    George4Tacks
    George4Tacks
    Level 15
    February 25, 2023

    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!
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