Two questions if I may:
On my 1099-b, it shows the merger as a sale of ECUXF. Thereby engendering a gain or loss situation I'm assuming. My broker, TDAmeritrade, on it's website says the following:
"When a company significantly changes its corporate structure, and the shares in the old company are exchanged for shares in the new company, the IRS requires the transaction to be reported as a sale as if you sold the old shares and bought the new shares."
So I take it that I will be reporting a sale and in my case a gain and paying the taxes. Is that what others are seeing?
The second question has to deal with certificates. Has everyone turned in his/her ECU certificates and gotten new AUMN ones? I haven't. Is it necessary or required?
Thanks, Kevin