I owned stock in MediaOne which AT&T bought this past year. I received .95 shares of AT&T for each share of MediaOne plus $36.27 per share in cash. I'm not sure how to claim the cash portion on my taxes. I bought the MediaOne stock in 1997, the buyout was complete in 2000. I assume the cash portion is considered a long-term gain, is this correct? I paid roughly $25 per share for the MediaOne in '97. On the completion date AT&T was trading at around $33 per share. Thanks for your help.Jeff
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