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What is the tax liability for cash received from TWX-CHTR merger?
How do I report the tax liablility
To say "it's unclear" certainly is an understatement.
In their Form 8937's - one for holders of TWC stock before the merger and the other for holders of CHTR stock before the merger (and I don't know which stock you originally owned) - available here
http://phx.corporate-ir.net/phoenix.zhtml?c=112298&p=irol-charter-twc-merger-materials
the companies attempt to provide guidance. However, for holders of TWC prior to the merger that Form 8937 proposes two different possible treatments depending on if the cash received is deemed a partial redemption of TWC shares or if the entire first merger transaction is deemed a "recapitalization."
Essentially part of the cash is considered "proceeds" from a sale of a portion of your original TWC shares.
Tom Young
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