Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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From: Elroy	8/6/2022 1:42:39 PM
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MY long term holding SIMO is being acquired by MXL. The deal is for each share of SIMO one receives $95 cash and 0.388 shares of MXL (about $20 worth). As I understand it, the entire received amount (cash + MXL shares) is taxable. 1- Does anyone know if there might be a way to arrange to receive 100% MXL shares, and have some other SIMO shareholders who want cash receive 100% cash? 2- Does anyone know why the MXL portion of the transaction is taxable? In some acquisition, if it's an all stock deal, it's just a tax free swap rather than a taxable event. Any idea why the 0.388 MXL shares portion of the deal is taxable rather than tax free? If anyone has knowledge of this stuff I'd love to read it.

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