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.
posted
last updated
June 03, 2019
10:56 AM