Do not have the cost basis going back to Lucent/Alcatel.
I just received 1099B. I am ok with cash in lieu which they marked as "A" short term, but such small amount so I am not concerned.
However, do not understand why I have to report the shares which I still have. It says: Your Fair Market Value of ...shares of SPONSORED ADR @ 7.366 on 07 Jan 2016 and totaling $.... will be reported to the IRS as follows:
Form 8949 has "X", (1c) Date sold 01/07/2016, (1d) Proceeds $..... and (5) checked for Noncovered security. The way I entered it, I owe taxes on it. I read in another answer that it was supposed to be tax free exchange???
