anibert91
New Member

How do I handle the cash from a stock and cash merger?

I received cash and stock in the CenturyLink and Level 3 merger. I had two lots of Level 3 purchased on the same date.  The date purchased was 01/08/07. The cost basis of each was (187 shrs) $11760 and (109 shrs) $9189.60.  How do I handle the cash portions of the merger $4955.50 and $2888.50?  The proceeds shown are on the sale of all Level 3 shares.  All shares are noncovered securities.