If you weren't taxed on it at the time, you old cost basis becomes your new cost basis. The value of the shares at the time are only relavent if all or part of the transaction was immediately taxable.Bought 50 ZDZ @ $10.00 = $500.00Merger 50 ZDZ become 29 CNETCash paid for partial shareSold 29 CNET @ $5.00 = $145.00$500/29.66 = $16.85$16.85 * 29 = $488.65$488.65-$145 = $343.65 lossThe actual amount you received for the partial share really doesn't matter. Just reduce your cost basis by the proportional amount of the partial share. Debra
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