I am not sure if this was the correct response. I did not sell any stock. No 1099-B was issued.
Further inquiry into this issue at www.computershare .com/wbd (which issued and holds the stocks for both companies) stated the following FAQ:
What are the U.S. federal income tax consequences of the Transactions for AT&T and Discovery stockholders?
For AT&T stockholders: The distribution and the merger were a Reverse Morris Trust-type transaction and are expected to be tax-free to AT&T stockholders for U.S. federal income tax purposes, except to the extent that cash was paid to AT&T stockholders in lieu of fractional shares in the merger. You should consult your tax advisor as to the consequences of the Transactions to you, including the applicability and effect of any U.S. federal, state, and local tax laws, as well as foreign tax laws, which may result in the Transactions being taxable. •
As an AT&T stockholder, it seems that I am only responsible for the cash paid for the fractional shares?
