income taxes Posted March 26, 2008 Report Share Posted March 26, 2008 TP received 1099B for 12044 sale of above 1515 shr stock in 4/2007. TP also received 1099-Div for 2a 5561, 2b 1628, and 3 13452. After coming up with cast basis of 15150 minus nondividend distb of 13452 she is left with adj cost basis of 1698. HOWEVER, the step 3 on CNL worksheet gets me lost. Merger consideration is 12044 minus the 1698 and says a tax loss of 10346. Does the client have a loss or a gain to report on the D. I am very tired and all the clients are very crabby so thanks for any help. Joan Quote Link to comment Share on other sites More sharing options...
jasdlm Posted March 27, 2008 Report Share Posted March 27, 2008 What work sheet are you using? I have an 11 page pdf that I received and used for my client. Is this the CNL worksheet you're talking about? Quote Link to comment Share on other sites More sharing options...
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