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What are the tax consequences on a stock purchase for 5.00 per share when the company was purchased for 10.00 cash by another company?
Bevalicious
I assume you mean that your shares were purchased for $10 each. You will pay tax on the difference between what you paid (including any fees) and what you actually received for the stock. If you held the stock for over a year, you will pay at favored long term capital gains rates.
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∙ 15y ago
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