Tax handling of a merger

On October 30 2023, listed REITS 3278 and 3453 merged into 8972. The share conversion rate was 1.34 and 1.68 respectively. There will be a cash payout for residual fractional shares this month.

How do I handle this from a tax perspective? Is this a qualified merger with no capital gains? Otherwise how do I calculate capital gains? What about the cash component?

Any help is appreciated.

by Turbulent-Owl5190

Leave a Reply
You May Also Like