how to record bond exchange w/o basis change

[David Carlson]

On 2/17/2015 9:03 AM, Larry Evans wrote:
> My broker changed shares of one bond(call it bondA),
> with another(call it bondB) 1 for 1 in middle of 2014.
> I could record the exchange as sell bondA and buy bondB
> with the proceeds; however, wouldn't this require
> capGains to be calculated for bondA and then a new basis
> for bondB recorded for middle of 2014?
>
> How can GC handle this?
>
> -regards,
> Larry
>
>
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The short answer is If your broker is reporting a gain to the
government, you should be tracking it.  How you do that depends on which
government and what type of account is this bond held in.

David C