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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Rational who wrote (3321)	11/30/1997 1:44:00 PM
From: LRS	Read Replies (1) \| Respond to of 27307

I actually read your entire post. The cap gains part that is not showing up in your post was where the 411 insider acquired his stock in 411 at $1 per share (or whatever the true basis was)in January of 1996. This 411 stock can be exchanged for the $52 YHOO stock tax free. However, once they sell their YHOO stock (at 52 or 42 or 102) there is a taxable event because they effectively acquired the YHOO stock for $1 back in 1/96.

To: Rational who wrote (3321)	11/30/1997 2:10:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 27307

Sankar, you are just plain wrong. You really shouldn't be in the market without a basic understanding of how it works. >>>This is because exchanging 411 for some $52 YHOO shares is like buying the shares at $52; instead of paying cash, 411 owners simply paid an equivalent sum by exchanging their assets. <<< If this were true then capital gains would be due immediately upon the consummation of the merger. The reason the the pooling of interest is so popular in mergers is because those being bought out have no tax due, unless they sell. The tax is due upon sale of the Yahoo! shares, not when the merger is completed. I sincerely hope you use a tax professional to fill out your income tax forms. Barb!