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-   -   Stock Going Private? (https://www.askmehelpdesk.com/showthread.php?t=749651)

  • May 19, 2013, 11:45 AM
    catonsville
    Stock Going Private?
    Suppose you have a very large number of Stock in a company and they suddenly go "Private" exposing you to a Large Capital Gains Tax bite, is there anything you can do besides manup and take the full hit? Reason for asking, I already had this happen to me last year and it could happen again with another company. If this does happen, my cap. Gains will be very large and threw me into a bad tax situation.
  • May 19, 2013, 12:25 PM
    AtlantaTaxExpert
    Well, I suppose you could refuse to accept the money! :-)

    Seriously, short of asking the company to structure the buyout to make the capital gain long-term, I believe it is man-up time.
  • May 19, 2013, 01:42 PM
    catonsville
    It is funny where all the "Big Boys" have tax avenues where they can get legislation to favor their money but the little guy is SOL. I figured the "Manup" was the only excape. Thanks for the conformation.
  • May 19, 2013, 02:03 PM
    AtlantaTaxExpert
    Glad to help!

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