I just got my brokerage 1099-B and ECU shares show as sold on 9/7/2011, and thus taxable. It's a loss, so it actually helps my tax bill, but I always thought that when 2 companies merged, or one bought another and the old share owners got shares in the new company, that this was just a continuation of the investment - not a taxable event.
Does anyone have any insights into this? thanks.