Received May Dept store stock as gift in 2004 (originally bought in 1987) In 2005 Federated Dept store acquired May Dept store giving shareholders .3115 shares of Federated plus $17.75 cash for each share of May stock. I had 280 shares of May stock. Received 87 shares of Federated stock plus $4925 cash. Federated stock valued at $69/share on date of acquisition/merger. Paid capital gains in 2005 on cash received . In 2007, Federated changed name to Macy's. I held 174 shares of Macy stock since 2007. In 2023 sold the 174 shares of Macy stock and received $3464 proceeds from sale. What do I use as the cost basis for the sold Macy stock. The 1099 from Schwab did not determine basis and said I acquired stock in 2020 when I opened the account in Schwab which is not correct.
