How do I track the tax basis of my shares of Class A Preferred Stock that were issued to me as a result of the merger/stock split?
A. Stockholders are responsible for maintaining their own tax basis records. However, to the extent that tax basis was derivable when SAIC transferred stockholder data to BNY Mellon, the tax basis of shares, if known, is displayed in the detail of each Receipt Number. Share blocks are identified by “Receipts.” As a result of the stock split, one new Receipt was issued for the same number of shares with the same basis as every existing Receipt. The tax basis as reflected in each Receipt has been adjusted for the split if the tax basis was known prior to the merger. For tax purposes, the acquisition date from the existing receipt should be used for the split receipt.
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