I was a stockholder of a company before it was purchased by another company as a cash for stock transaction. I owned the stock for 3 months before it was purchased. Regarding tax implications, do I treat my stock being sold as a short term capital gain or some other way (long term capital gain maybe) since I was forced to sell the stock before I wanted to.
(I know the obvious answer is short term since it was less than a year, but I am wondering if it is treated differently since I was forced to sell the stock due to the takeover.)
(I know the obvious answer is short term since it was less than a year, but I am wondering if it is treated differently since I was forced to sell the stock due to the takeover.)
hno:. Congrats on the quick profit, Uncle Sam also thanks you.:chest::chest:.
