flattax2
New Member

Does it need a special treatment for selling DVMT due to Dell relisting?

Due to Dell returning to a public traded company, I got most cash and some DELL shares from my DVMT shares. All my DVMT shares were from EMC ESPP after Dell/EMC merger. Now UBS which manages our stock accounts issued me a 1099-B that showing a huge long term gains. Do I need to adjust the cost basis or just take whatever the 1099-B states?