LMC-Interesting how different TDAmeritrade and Scottrade treat the transfer of EZM to LMC shares. TDameritrade shows me as selling my EZM shares and then buying LMC at the higher basis while Scottrade merely shows the cost basis for my LMC shares at what I paid for EZM. I much prefer the way Scottrade does it as no taxable gain will occur until I sell the shares while I have a whopping STCap gain bill created the way that TDAmeri handled it. It seems that Scottrades method is the proper one since I never sold my EZM although the merger proxy warned that a taxable event may be created for US investors by the merger.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.