Tax event when a company is acquired with cash…. – Piggington's Econo-Almanac

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September 26, 2016 at 7:40 AM #22138

Coronita
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Softbank acquired ARM Holding for cash and the transaction closed 9/2. So my 2500 shares just turned into cash.

I’m guessing the tax event is the same as if I sold it, right? Meaning I need to pay capital gains taxes this year?

September 26, 2016 at 2:28 PM #801536

ucodegen
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That is correct. Depending on how large your gain was, you might need to pay an early partial payment on your taxes. You get penalized when the amount you pay at the end of the year is a significant percentage of the total taxes you will be owing for that year.
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