Here are my thoughts:
- There is really too much going on here to address something like this on a forum
- Unless you either paid actual cash for the shares OR were issued a 1099-MISC as income, since you were not an employee, you have "0" basis. Your basis has nothing to do with any expected IPO pricing.
- Since this appears to be a liquidating distribution, you will not receive any 1099-B. You will only receive the 1099-DIV.
- Based on the limited facts, my take on this would be all is reported as capital gain with a zero basis.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
