Solved: Is the Baxalta exchange reported as a long term capital gain based on the holding period of the Baxter stock or short term based on the Baxalta holding period?
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Is the Baxalta exchange reported as a long term capital gain based on the holding period of the Baxter stock or short term based on the Baxalta holding period?

I acquired Baxalta as a result of owning Baxter shares.  When reporting the gain from the Baxalta Shire exchange should this be a long term capital gain based on the holding period of the Baxter stock or a short term capital gain based on the holding period of the Baxalta stock?  I did not purchase Baxalta but received it as a result of the spinoff.  The only shares I purchased were Baxter many years ago.

Thanks for your help.
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Level 12

Is the Baxalta exchange reported as a long term capital gain based on the holding period of the Baxter stock or short term based on the Baxalta holding period?

The holding period of the Baxter stock carries over to the Baxalta stock.  It's a long term holding.

Tom Young

View solution in original post

1 Reply
Level 12

Is the Baxalta exchange reported as a long term capital gain based on the holding period of the Baxter stock or short term based on the Baxalta holding period?

The holding period of the Baxter stock carries over to the Baxalta stock.  It's a long term holding.

Tom Young

View solution in original post

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