J. Link <thelinks._at_.nc.rr.com[at]news1.isis.unc.edu> wrote:

- quote -

You should have received information about how to allocate
your cost basis -- which is your exercise price -- between
the portion exchanged for cash and the portion exchanged for
shares.

The portion exchanged for cash is a long term sale, and
having just allocated basis to those shares, you can fill in
schedule D and calculate capital gain or loss.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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I obtained Overture stock through incentive stock options
that were excercised in Jun 2001. This past October, Yahoo
bought Overture in a cash/stock merger. So each Overture
share was exchanged for .6108 shares YHOO and $4.75 cash. I
know how I would report the merger normally; however, is
this treated differently since the Overture stock was from
ISO's?

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