cost basis for merger - Burlington vs Berkshire

I was holding Burlington which was just acquired by Berkshire.

So - my Schwab download the other day reflected this transaction : with a couple of cash entries - with a Remove Shares for the BNI - with a Add Shares for the BRK -

But now - the BRK has no entry for a Cost Basis - it's zero -

How should I correct these entries to reflect an ongoing cost for BRK, and also so I can see how it's doing with respect to gain/loss.

Reply to
ps56k
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Looking at "the deal" it seems like you could have accepted all cash for your Burlington stock, all Berkshire Hathaway stock or some combination of cash and stock. Since you mention "a couple of cash entries" I'm guessing you took the combination? If you took "all stock" then I'd think you'd mention only one cash entry, the cash you'd receive "in lieu of" a partial share of BRK stock.

Maybe you need to lay out the numbers here so someone can give you some assistance because the accounting (and correcting entries you need) really depend on the details.

Tom Young

Reply to
ps56k

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