maglib - So I'm really confused. I just talked w my broker who says for the 1099-B entry for the Seattle Spinco transaction that I should enter cost basis of 0 so gains matches proceeds (even though I didn't receive any cash). It appears some folks are calculating a cost basis for this. If I do use 0 as a cost basis, would I then simply add that gain to the cost basis of the microfocus stocks when I do sell those? The 1099-B from the broker simply had no entry for cost basis on this and listed 0 as gain. The 1099 shows total Seattle Spinco entry of 5898 shares for total of 23764.59. I'd love any response/help you could give maglib.
