Value Microcaps Motherboard

[cliffvb]

EZM-LMC merger..It seems to me that the problem is that if your broker (in my case, TD Ameritrade) treated the merger as a sale of EZM and purchase of LMC then that sale will also show up on your 1099 and that form is also given to the IRS. If the numbers on the tax return don't match the 1099 then it may well trigger an IRS audit down the road.

I agree it makes sense that it would not be a taxable event (I wonder why it is for Canadians?) but as I recall the merger proposal also had some verbage about it as well (basically saying that since Lundin is a foreign company and it did not follow all SEC regs for mergers of american companies, it may or may not be a taxable event and one should consult their tax advisor. In any event, I sold my stock in my TDAmeritrade account so it is a moot point for me now. Again, Scottrade did not treat the merger as a purchase and sale so I am keeping my stock in there for LT cap gains.