Personal Finance & Money Asked on September 28, 2021
Can a Mylan stockholder declare a capital loss due to the merger with Viatris. I have a $40,000.00 loss on my Mylan stock.
Also, if I sell the Viatris is the holding date when I purchased Mylan (3 02 2015) or when the Viatris merger occurred (11 16 2020)?
Even though it was an all-stock merger, Viatris in their form 8937 says that US shareholders should declare a realized gain/loss as if they had sold their Mylan shares for $15.66.
In the future, if you sell your Viatris shares, you will have another capital gain/loss with a new basis of $15.66.
Answered by Orange Coast- reinstate Monica on September 28, 2021
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