ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
I own 168 shares of Pinnacle Foods (PF) in a *Taxable Account*
The vast majority of the shares (160) were purchased in late 2015 & early 2016 so the gains would be ‘long term’
Last week, Con-Agra (CAG) acquired the company.
I'll receive 0.6494 shares CAG, & $43.11 cash for every share of PF.
My total cost basis for the 168 shares is $7,080.67 or $42.06 per share
Total Gain: +$3,821.22
How will the $7,242.48 cash payment be treated when it come to taxes ?
Thanks
The vast majority of the shares (160) were purchased in late 2015 & early 2016 so the gains would be ‘long term’
Last week, Con-Agra (CAG) acquired the company.
I'll receive 0.6494 shares CAG, & $43.11 cash for every share of PF.
My total cost basis for the 168 shares is $7,080.67 or $42.06 per share
Total Gain: +$3,821.22
How will the $7,242.48 cash payment be treated when it come to taxes ?
Thanks