[GNC] Stock Merger

[Geoff]

Al, FYI, pp263-264 of this merger document indicate that it is a 
"reorganisation" and not a capital gains event.

https://www.sec.gov/Archives/edgar/data/2488/000119312521071625/d83168d424b3.htm#rom83168_22

However it also states:

"ALL HOLDERS OF XILINX COMMON STOCK SHOULD CONSULT THEIR TAX ADVISORS AS 
TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE MERGER, INCLUDING THE 
APPLICABILITY AND EFFECT OF ANY U.S. FEDERAL, STATE, LOCAL, NON-U.S. 
INCOME AND OTHER TAX LAWS."


Regards

Geoff
=====

On 19/02/2022 3:15 pm, Al wrote:
> Geoff wrote:
>> Hi Al
>>
>> We need to tweak your transactions to fix the cost basis on the 
>> Advanced Portfolio Report.
>>
>> Also from a tax accounting perspective, there are two ways to treat 
>> this merger, depending whether it realised a capital gains event or 
>> not. I'll cover both scenarios from a GnuCash perspective, but please 
>> note that I am not an accountant.
> 
> Many thanks Geoff, the information that you provided will be quite helpful.
> 
> I'm waiting a bit on tweaking the transaction until I find out the 
> capitol gain status, although I am fairly sure that there is no capitol 
> gain other than the .72 fractional share amount. I'd just like to see 
> that in writing before committing the transaction.
> 
> Al
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