itonewbie
Level 15
04-03-2019
04:32 PM
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Your client should have been given material on the merger, the conversion to the new stock, and impact on cost basis . Like my dear friends suggested, you need to have your client dig that up (or you can spend time scouring the Internet, which may have that archived somewhere).
But you mentioned that what your client sold is stock rights. You still haven't explained what kind of stock rights those are.
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Still an AllStar
Still an AllStar