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Tax Treatment on Steak N Shakes, Western Sizzlin transactions


schin
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All,

 

Tis the time of the year again, I'm trying to finish my taxes.  Much like other members of the forum, I sold my SNS shares last year with Biglari's antics.

 

I thought it was a buy-n-hold, but I guess not. As such, I need to figure out my CGs as I had both Western Sizzlin' and Steak-N-Shakes.

 

I know WEST got translated into a bond, shares in SNS, and fractional payouts. How do I allocate my cost basis with the bond and my WEST converted to SNS shares?

 

Help, please.

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