The Motley Fool Discussion Boards

Previous Page

Stocks R / Ralston Purina Company

URL:  http://boards.fool.com/ral-and-enr-spinoff-question-14725405.aspx

Subject:  RAL and ENR spinoff question Date:  4/8/2001  3:34 AM
Author:  cwerdna Number:  113 of 127

Hi:

I'm in the middle of doing my taxes (fortunately, I'm in a "Presidential Disaster Area" in WA, so I have until April 30th), and have a question regarding the spinoff of ENR from RAL that happened back in April 2000.
I had 150 (and still have) shares of RAL before the spinoff that was purchased at $4,125.62 before the spinoff. I then received only 49 shares of ENR (my brokerage said the rate was .33 shares of ENR for every share of RAL). I would've thought that I would get 50 shares (since everything I saw said, 1 for every 3). Anyways, at the same time when I got the 49, I got "cash-in-lieu" of $22.25. This is also on my 1099-B as cash in lieu for Energizer Holdings.

Since this is on my 1099-B, I think I need to report a sale. How do I calculate my basis on this?
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us