Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

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Nov 6 4:00 PM EST

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To: Rational who wrote (3317)	11/30/1997 1:33:00 PM
From: LRS	Read Replies (1) of 27307

<<Then selling the acquired shares at $52 generates no capital gains and taxes to 411 shareholders.>> Actually, this is not correct. According to this logic, the owners of Salomon stock do not have to pay taxes when they sell their Traveler's shares. It is the original cost basis in the 411 shares (or the Salomon shares) which is important in determining capital gains/losses.....

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