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General Instructions. Who Must File. File Form 8937 if you are an issuer of a specified security that takes an organizational action that affects the basis of that security. A specified security is: Any share of stock in an entity organized as, or treated for federal tax purposes as, a corporation, or.
Demystifying Form 8937 - What You Need to Know • Form 8937 Explained • Learn about the essential Form 8937, which informs the IRS and investors about corpora...
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The conversion rate for each share of Preferred Stock was 1.1700 shares of Common Stock, which is intended to represent a value-for-value exchange (such exchange, the “Conversion”). Cash was paid in lieu of issuing fractional shares of Common Stock. Line 15 Describe the quantitative effect of the organizational action on the basis of the
The requirement to file Form 8937 applies to both domestic and foreign issuers of securities if the security is owned by U.S. taxpayers, either directly or as a depositary receipt. This filing requirement applies to organizational actions occurring after 2010 for a specified security as follows.
Form 8937, also known as the "Report of Organizational Actions Affecting Basis of Securities," is a document filed with the Internal Revenue Service (IRS). The purpose of this form is to report any corporate actions that affect the basis of securities held by shareholders or investors.
Form 8937 (Rev. 12-2011) Page . 2 Part II Organizational Action (continued) 17. List the applicable Internal Revenue Code section(s) and subsection(s) upon which the tax treatment is based 18. Can any resulting loss be recognized? 19. Provide any other information necessary to implement the adjustment, such as the reportable tax year Sign Here