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Under the old Tribune ESOP, my shares had a low tax basis. What’s the tax impact on the tender of those shares?

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Under the old Tribune ESOP, my shares had a low tax basis. What’s the tax impact on the tender of those shares?

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As shares are purchased in the tender offer, or cashed out at the closing of the merger, the cash received for the shares remains inside the retirement plan for you to otherwise invest and the cost basis of the shares no longer applies.

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