What's the name in Box 1a? Infinity IPCC? Or Kemper?
I guess you elected the "stock consideration" which did use that 1.2332 per share figure and the $49.58 in cash.
I assume that the second 1099-B doesn't report the SALE of Kemper, but is simply reporting the "stock" portion of the proceeds of your sale of Infinity.
This tax letter:
http://investors.kemper.com/Cache/1500111778.PDF?O=PDF&T=&Y=&D=&FID=1500111778&iid=103308
states that the transaction was a FULLY TAXABLE transaction meaning that you use the SUM of the cash received plus the fair market value of the stock received as the "proceeds" of the sale, subtracting your basis in the usual fashion and coming to a resulting gain or loss. It's "as if" you sold your Infinity stock ENTIRELY for cash and then immediately decided to use some of that cash to by some Kemper stock.
ASSUMING, for simplicity, that you had exactly one lot of Infinity stock you'd simply report one sale with the proceeds of that sale being the sum of the proceeds shown on both 1099-Bs. Don't worry that you're not reporting "two" 1099-Bs.
Tom Young
