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Posted by removeps-groups@yahoo.com on April 4, 2008, 8:27 pm
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> I owned stock in a private company that was acquired by a public
> company.
>
> I took an 83(b) election on the stock when I received it so I can now
> pay only long-term capital gains on sale of the stock.
>
> Do I need to include any statement with my tax return to indicate that
> the stock I sold was received as a result of this merger? Or does the
> IRS not care, so long as I declare the proper basis for the stock?
No, you don't have to send in anything. I trust you sent in the
election within 30 days of receiving the stock. Keep the
documentation about your election and the stock merger in your files,
and if the IRS asks for it then send it.
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