Thanks for the reply TomYoung!
Here's the additional info I can share:
I owned stocks of the private company. It was acquired by the public company through tax free M&A. The deal was part cash and part stock. The stock was converted N:1 (i.e. for 10 Company A stocks I received 1 Company B stocks).
I did own both Federal and State taxes, but since California has different rules, I'm interested in figuring out if I have capital loss or capital gain when I sell the stock at the price that's lower from when the merger happened and I received the new Company B stock?
Thank you!
