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stcragg
New Member

One of my stocks was sold because of a merger. I did not have the option of not selling. Can I spread the proceeds over 3 years?

Stock was inherited in 1994. The original name was Cincinnati Bell with a cost per share of $17.250. Name was changed to Convergis Corp when stock split. 

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1 Reply

One of my stocks was sold because of a merger. I did not have the option of not selling. Can I spread the proceeds over 3 years?

No, any tax on capital gains is due in the year the gain occurred.  Where did you get the idea you could spread it out over three years?

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