bill63's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/305849/comments http://seekingalpha.com/article/104657/comments?source=feed#comment-313938 313938
On Nov 10 04:37 PM mdimillo wrote:

> If you read the full disclosure on the transaction for FDG, you would
> have noticed the unique aspect of the deal. It was considered as
> an asset purchase for tax purposes, which is treated the same as
> a dividend in terms of withholding. They even highlighted that US
> holders should consult their tax professionals for advice. Once I
> did this and discovered what would happen, I sold ahead of the closing.
> In a way you were lucky because the gain was in your Roth IRA. I
> had it my regular account and would have lost the long term capital
> gain rate on the sale and would have had to pay as if it were regular
> income. I gave up the last $3 cash payment to avoid paying regular
> taxes on a 300+% gain. In the future, I would suggest consulting
> a tax guy or doing more homework when the deal is this complicated.]]> Mon, 24 Nov 2008 14:53:45 -0500
On Nov 10 04:37 PM mdimillo wrote:

> If you read the full disclosure on the transaction for FDG, you would
> have noticed the unique aspect of the deal. It was considered as
> an asset purchase for tax purposes, which is treated the same as
> a dividend in terms of withholding. They even highlighted that US
> holders should consult their tax professionals for advice. Once I
> did this and discovered what would happen, I sold ahead of the closing.
> In a way you were lucky because the gain was in your Roth IRA. I
> had it my regular account and would have lost the long term capital
> gain rate on the sale and would have had to pay as if it were regular
> income. I gave up the last $3 cash payment to avoid paying regular
> taxes on a 300+% gain. In the future, I would suggest consulting
> a tax guy or doing more homework when the deal is this complicated.]]>