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URL:  http://boards.fool.com/merger-tax-question-28182736.aspx

Subject:  Merger & tax question Date:  12/23/2009  12:38 PM
Author:  puphat Number:  108125 of 126471

I bought ATN in Nov. 08. It merged and became ATLS in Sept. 09. It appears as a sell with a short term gain even though I still own the stock but with a different name. Will I have to pay a capital gains tax on this transaction? Worse yet, will I have to pay a short term capital gains tax?

Also, I was not aware of the sell and thought the shares were moved ATN to ATLS, so I sold some shares in Dec. thinking it would be a long term sale. It was classified as a short term sale because the company merged in Sept. of 09. Will I have to pay a short term capital gains tax on this transaction?

Thank you for any response

puphat
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