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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (784)3/21/1998 12:36:00 PM
From: OD Bobo  Read Replies (1) of 5810
 
1099-B Question ...

I owned USRX in 1997, which was converted to COMS after the merger. I was given the equivalent number of COMS shares, plus a 'Cash in Lieu' amount to cover the difference. This 'Cash in Lieu' is listed on my 1099-B. Where do I claim this amount on my tax return?

Many thanks in advance to anyone who can help.
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