RE:RMC tax info section 85 help
I haven't checked that thing at NSU website yet, I will. From my past experience, I went through several acquisitions .Those, that were done through shares exchange have no implications on your tax return until you sell your new shares. Those $2 that you received in cash are capital gains and will be taxed. The good thing is that only 50% of capital gains is taxable. So, you'll pay taxes on only $1 out of 2.