Tax question on timing of capital gain/loss

[zetta]

I hope someone here who has experience with capital gains/losses can help me with a tax question. I own(ed) some shares of a privately held company. The company was acquired in 2006 by another company, and all stockholders were given a payout when they surrendered their shares. The company didn't have my current address, and so I wasn't notified of any of the activity. As a result, I'm still waiting on the paperwork, and will surrender my shares and get my payout (a measly $314, yippee) in 2007. I will have a capital loss that will be useful to offset some other gains. My question is, do I claim it on my 2006 taxes since that is when the acquisition occurred, or on my 2007 taxes since that is when I will surrender my shares and receive money? Do you have any favorite websites for researching this kind of thing?

[sweeps]

My hunch is it needs to go on your 2006 taxes because that's the year that the taxable event took place. But I would check with the company and find out how they're reporting it to the IRS.