Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

Finally making some progress on my taxes!

I have an easy question. I couldn't find anything that clearly answered my question in any of the faqs.

11/26/99 bought 50 xmcm shares

On 11/30/99 xmcm shares were coverted on a 1:1 basis to nbci shares and then sold my 50 nbci shares a week later.

How do you label this under Turbo Tax. It was a simple 1:1 swap so I don't think there's any other calculations I have to perform.

Under description do you enter sell 50 nbci various?

Any other info I need?

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.