Just wanted to stop in here to get a clarification on my thinking regarding a recent stock transaction.Quite a few years ago, I had been holding stock in ZDNet (ZDZ) and that was acquired by CNet in October of 2000 (10/17). For each share of ZDZ, I received 0.5932 shares of CNet stock.This year I sold the CNet stock. If I am correct, I believe I would report the basis as the original purchase of ZDZ. As an example, consider the following:Bought 50 ZDZ @ $10.00 = $500.00Merger 50 ZDZ become 29 CNETSold 29 CNET @ $5.00 = $145.00Transaction results in loss of $355.00, is that correct? Or do I use the price from 10/17/2000 when my ZDZ became CNET stock?dt
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