pk
Level 15
Level 15

Get your taxes done using TurboTax

Stop selling your services here --please .   The particular merger  document pretty clearly directs the shareholders what to do.  Also section 357  has nothing to do with  the taxpayer but everything to do with how the surviving corporation does its accounting ( IMHO).  To me  this is simply a case of surrendering your shares  and receiving in exchange a new share at market price.