@bobby46 There's info on the tax treatment, and how to calculate the proceeds from the buyout, here: https://ir.equitransmidstream.com/resources/ETRN-and-EQM-Merger/default.aspx
As I read that, your proceeds from the buyout should be the number of ETRN shares you received * 9.05 (plus any cash you may have received if that was part of the deal). That should also be what the broker provided on the 1099-B. If the broker provided a different number, you'd want to talk to them to see if it can be corrected (or find out why they think they're right).
As for tax treatment, and future basis in ETRN, just think of this buyout as two completely different transactions:
- You sold all shares of EQM for $x
- You then turned around and bought a bunch of ETRN stock for $x
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
