On 12-31-07, a stock I owned (SNV) split into 2 separate companies (SNV and TSS). I received 267.7049 in TSS. I was told I could NOT hold fractional shares and they would be sold and I would receive cash for them.
I received a check for $18.78 and a statement titled "Important Tax Information". This form stated that 0.7049 shares were sold, record date 12-18-07 and payable date 12-31-07. So I declared this capital gain on my 2007 Federal Income Tax return.
I just received a 1099-B for 2008 for $18.78 for shares sold ! How do I straighten out this mess.