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Good advice.

Unfortunately, it either took you 3 hours to figure out you owed the IRS $5 or you paid a tax preparer a 1/2 hours time ($35) to do so.

There must be a better way!!!!!


And the point you are trying to make is????

There is a right way to do this and a half dozen wrong ways. People ask questions here because they want to do the right thing.

The calculation I described takes about 1.5 minutes to complete. If the stockholder keeps the communications s/he gets from the company before the merger, the information is there. Often, there is even a worksheet to walk you through the calculation.

In this case, it looks like there is a few $ of gain to report. I have seen situations where there is significant gain or (lately) significant loss to report.

Ira
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