I had 277 shares of Johnson Controls inc (JCI) for a value of $12,160. The basis was 240 shares. During the merger with Tyco I got $1,588 in cash. I still had 232 shares of Johnson Controls Intl (JCI). I received a 1099-B with Box 5 Noncovered for 240 shares sold, the basis for all the JCI stock. Does this mean capital gains taxes should be paid on the entire 240 shares or just the amount actually received in cash?
