How to handle the tax for a stock I own?

In 2007 a stock I owned was acquired for a combination of stock and cash. The cash was less than 50% of the transaction. I don’t believe I get taxed on the stock, but what is my tax basis for the cash portion of the transaction and what is my new cost basis for the stock that I now own as part of the deal? Thanks.


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One Response to “How to handle the tax for a stock I own?”

  • Brian J says:

    Your cost basis for the cash portion of the transaction is $0. (Your brokerage account statement should indicate this.)

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