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Q: If I sell the ABX shares now will the IRS see that as a Long or a Short hold?

If the ABX you sell is derived wholly from the buyout, it's a long-term transaction. Of course, if you've bought any ABX directly in the last year, or received any ABX through a DRIP, then those pieces would be considered short-term.

Actually, you need to refer to the documentation you received at the time of the merger. If the merger was tax-free, then your original holding period applies to the post-merger shares. If the merger was a taxable transaction, you may have to report a gain/loss on the tendered shares and a short term gain/loss on the ABX shares.

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