Form letter from UBS said, " ... FDI reorganized from a closed-end fund into the P share class of UBS Total Return Bond Fund (UTBPX). (FDI was under the UBS family of funds.) Another sentence referred to the transaction as the "exchange of shares from FDI to UTBX." As my brokerage statement did not contain a 1099-B, I contacted a UBS Customer Service person to find out "why." He said that the transaction is a fund transfer; therefore, no 1099-B is required as there was no money involved. The terminology on my brokerage statement at the time of the transfer called it "merger security exchanged." "Reorganization," "transfer," "merger security exchanged" -- are these terms synonymous/interchangeable or does each one imply different tax implications regarding reporting to IRS or not?
