Investors & landlords

The 1099-B proceeds should be showing the cash and fair value of Takeda shares received on January 8, 2019.  The cost basis on the 1099-B should be the cost basis of your Shire shares exchanged.  It is straightforward.  I would call Schwab up and ask them to explain how the basis is zero.  Also, the Takeda shares received should have a cost basis of the fair value ($19.025 per shr) on January 8, 2019, which is also used as a component of proceeds. 

 

Summary of 1099-B details:

 

Proceeds = Cash rec'd ($90.99 per Shire Shr) + Number of Takeda Shrs rec'd x FMV price $19.025

Note: you received 5.034 Takeda shrs per 1 shr Shire

 

Cost Basis = Cost basis of Shire shares (look at your Dec 2018 Brokerage Statement)

 

Gain or (loss) = Proceeds less Cost Basis