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October 6, 2019
Question

How to treat proceeds of merger between companies described as a tax free reorganization pursuant to Section 368. The share holders in the acquired company received stock and cash. Facts: I purchased 1500 shares of a startup company in 1999 and 2003

  • October 6, 2019
  • 1 reply
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    1 reply

    Hi Palms
    October 7, 2019

    you report the gain......the value of the stock and cash you received minus your basis.