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<< I am currently waiting for the completion of the Intel tender offer for Chips and Technologies, which
should occur very close to the end of 1997 or the beginning of 1998. How is the date of sale for
capital gains taxes determined if:

a) I tender my shares, or
b) don't tender my shares

Is the date in each case based on when I actually receive the proceeds of the sale? Or is it the same
for each case? >>

Sorry...must have missed this the first time through. My apologies.

Your BEST source of information for this question would be the Intel people. Since I'm not familar with this tender offer, I'm not aware of the "ins and outs" of the deal.

In general, you will recognize gain or loss in the year that your shares are sold or otherwise disposed of, regardless if this happens by you making a tender of your shares, or if your shares are simply "redeemed" by the company.

And that date may be different from the date that you actually receive the proceeds. For example: if you sell a stock with your broker, the sale is made (for tax purposes) on the TRADE date, but you'll not receive your funds until three days later on the settlement date.

But Intel should be able to give you some guidance regarding this issue. You might also want to drift over to the Intel folder. You might find that information there.

TMF Taxes

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