Can someone advise me on how to report the expired CVRs from the Bristol Myers/ Celgene merger? I received these as an employee. I did not purchase. The conditions of the CVR were not met so they expired.
The 1099 I received has a cost basis for each lot on the supplemental section. Do all of the expired CVRs get reported as a loss? To me, since I didn’t purchase them, I didn’t sell them, and they ended up worthless, something seems wrong.
Thanks
