I owned shares of
Johnson Controls Inc. before their “reverse merger” with Tyco last year. I still hold all of my shares of the new Johnson
Controls company, now named Johnson Controls International plc, from after the
merger. I received a 1099B showing
proceeds of over $1,000.
What are the tax
consequences of this “reverse merger”?
Do I have to pay tax on the proceeds of $1,000 even though I never sold
any of them and never received
any of he proceeds in cash?
