kawishiwi
Returning Member

Tracking basis through an F reorganization of an S Corp

I am a shareholder of my company, which was bought this year. This company was an S Corp and it was brought into the new company through an F Reorganization. About half of my sale proceeds were paid out and the other half was rolled over to the new company. How do I handle cost basis for this transaction? Does all of my basis count towards the cash proceeds or is the basis split between the cash proceeds and the rollover, pro rata?