tintern55
New Member

Is this a taxable event?

Praxair, Inc and Linde PLC merged in 2018.  Our Praxair stock was converted directly to Linde stock resulting in the same shares and same cost.  Received a 1009 B from Computershare showing the proceeds in 1d.  If one trades old shares for new through a merger, the IRS does not look on the event as a taxable transaction.  Is this correct?