Thanks for that link. No surprises with the pos

Thanks for that link.

No surprises with the possible exception of this excerpt:

Quote:

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The taxes you pay depends on how long you held the swapped stock before you sold it. The ordinary rules of long- and short-term gains apply to shares acquired through a merger or acquisition. If you've held the old shares and the new shares for more than a year, the lower long-term tax rate applies to any gain on sale of the new shares.

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There seems to be a bit of tension or ambiguity in the way that paragraph was drafted. However, what I think is being implied is that regardless of how long one has held the new shares, if the acquisition date of the old shares (that were swapped for the new shares) is over 1 year ago, one is entitled to LTCG.