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To: starsailor who wrote (41253)3/26/1998 8:54:00 PM
From: The Phoenix  Read Replies (1) | Respond to of 61433
 
You should consult your accountant, but I suspect yes... any cash disbursements (which should be small unless you sold some shares) that resulted from the acquisition should be stated on your returns.

Gary



To: starsailor who wrote (41253)3/26/1998 11:23:00 PM
From: Edward J. Edwards, III  Read Replies (1) | Respond to of 61433
 
Most likely you do have to claim the cash. The cash is what is known as boot, and is taxable in most of these cases. Of course it will depend on your basis.

Ted


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