Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
 
Old 04-05-2008, 12:27 AM
removeps-groups@yahoo.com
Guest
 
Posts: n/a
Default Re: Include Merger Documentation with Return?

On Apr 4, 10:33*am, DaveR <NOSPAM_drubin[at]NOSPAM_i-2000.com
- quote -

> I owned stock in a private company that was acquired by a public
> company.
> I took an 83(b) election on the stock when I received it so I can now
> pay only long-term capital gains on sale of the stock.
> Do I need to include any statement with my tax return to indicate that
> the stock I sold was received as a result of this merger? Or does the
> IRS not care, so long as I declare the proper basis for the stock?


No, you don't have to send in anything. I trust you sent in the
election within 30 days of receiving the stock. Keep the
documentation about your election and the stock merger in your files,
and if the IRS asks for it then send it.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 04-04-2008, 05:33 PM
DaveR
Guest
 
Posts: n/a
Default Include Merger Documentation with Return?

I owned stock in a private company that was acquired by a public
company.

I took an 83(b) election on the stock when I received it so I can now
pay only long-term capital gains on sale of the stock.

Do I need to include any statement with my tax return to indicate that
the stock I sold was received as a result of this merger? Or does the
IRS not care, so long as I declare the proper basis for the stock?

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
documentation, include, merger, return
Similar Threads
Thread Forum Replies Last Post
money plus home and business documentation
T McShu: I am just learning Money Plus Home and Business. The documentation that MS supplies on line is not very useful. Is there better documentation...
Microsoft Money 5 12-03-2008 07:11 PM
What documentation to include with schedule D
Jessica: I have prepared my returns for several years, but had an accountant do it this year. I always listed each brokerage account (I have 5) in...
Taxes 4 04-02-2008 11:21 PM
Should I Include 1098 With Return?
Prex Larker: I am submitting a Schedule A for the first time. I have itemized mortgage interest and real estate taxes. Do I have to attach a my 1098 with the...
Taxes 8 04-16-2005 03:15 PM
MnyBank1.5.12 : English documentation
André Fereau: Version 1.5.12 : english help file and documentation (except wizard and introduction to financial files) Money 2005 do not accept any more Ofc...
Microsoft Money 1 02-18-2005 11:39 AM
Tax Return Documentation
Joel Berry, CPA: Another thread discussed the issue of "going paperless". Some of the responses raised a couple of other questions for me. I've discussed them with...
Taxes 6 10-24-2003 06:49 AM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 12:17 PM.