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Actavis plc Message Board

  • rudfox rudfox Mar 14, 2014 11:48 AM Flag

    Check your 1099-B for sell Actavis Oct 1, 2013! (seriously)

    It turns out that Actavis moved to Ireland in a complex set of deals. As part of this, the holders of ACT were deemed to have sold their shares of ACT on Oct 1, 2013 and having bought the same number of new ACT shares immediately. This saved them tax money, but costs you. The sell has been reported on your 1099-B! For a description of the tax effects, do a search for this quoted string:
    "INFORMATION ON THE TAX CONSEQUENCES OF THE EXCHANGE OF ACTAVIS COMMON STOCK"
    I can't post a link and expect the post to survive. If Actavis were forthright, this would be prominent on their investors web page.

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ACT
296.14-0.09(-0.03%)Mar 4 4:01 PMEST

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