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I'm sure this question has already been asked and answered but I am unable to find the answer I need.
I had 475 shares of XYZ Company. XYZ Company was acquired by ABC. Part of the acquisition deal was RSUs that were due to vest in 2010 and 2011 would be paid out @ $17.00/share. Taxes were paid by selling some of the shares (201 shares) and a separate payroll check was issued for the balance of the shares x $17.00
My question is do I need to do anything on my income taxes this year since the stock was bought at $17.00 and sold at $17.00 on the same day (no capital gains/loss).
Thanks!
I had 475 shares of XYZ Company. XYZ Company was acquired by ABC. Part of the acquisition deal was RSUs that were due to vest in 2010 and 2011 would be paid out @ $17.00/share. Taxes were paid by selling some of the shares (201 shares) and a separate payroll check was issued for the balance of the shares x $17.00
My question is do I need to do anything on my income taxes this year since the stock was bought at $17.00 and sold at $17.00 on the same day (no capital gains/loss).
Thanks!