Tricky IRS
So I received my annual brokerage statement (non IRA) & it contains a 1099 -B on a short term gain of a little over $2700 on a stock I sold or disposed of on 3/2/15, problem is I never sold any of it. Bottom line the company did an inversion on that date, looks like new IRS reg's on inversions gonna cost shareholders to pay taxes on the "realized" gain with no loss allowed. My question Is shouldn't I get a stepped up cost basis to reflect this if I actually sell these securities in the future? Any CPA's on here dealt with this yet, mine hasn't but he's fixin to.
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