>Who's issuing the cash payments? I'm asking about the Aug 2022 payout.
A third party bank that handled the sale/merger called PNC Financial Services
>but it's not clear where that 400 came from.
Yeah the other person I know who was invested in the company doesn't know either. I still have the paperwork from the $400 payment and it just says:
"REMITTANCE DETAILS
This payment has been issued as as part of the transaction below:
Company B - Company A"
>Unless they formed a partnership
Company B bought Company A outright, their operations are being integrated into Company Bs and company A "no longer exists" it's employees were absorbed into Company Bs or terminated
recycled_dnd OP t1_j6o7qyn wrote
Reply to comment by micha8st in Investment in Private company that was bought out, 1099-B can't determine cost basis by recycled_dnd
Thank you for your replies!