I have stock of a company which was bought by another company last year, they offer some cash and the same amount of stock of the new company.
on the form 1099-B from the broker, they list the cash part as "Gross Proceeds less Commissions and Options Premiums". How to do with that? I didn't sell the stock. should I list it on the 1040? if yes, where should I list it?
Thank you very much.
tax question, ask for help
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                    cash (boot) is your capital gain
                     -a510050- 
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                        04/14/2008 postreply
                                                07:12:21
                    
                    
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                    but the stock of the new one is actually lower than
                     -IDM- 
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                        04/14/2008 postreply
                                                09:04:10
                    
                    
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                    If you don't sell new stock, you have to report gain on this cas
                     -a510050- 
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                        04/14/2008 postreply
                                                18:34:58