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Financial Planning / Tax Strategies
|Subject: Cost Basis on AWE?||Date: 7/17/2001 4:01 PM|
|Author: holzgrafe||Number: 52607 of 125705|
I was long T when they spun off AWE. I ended up with shares of AWE in my port which I didn't want, so I sold it and bought T with the proceeds. (The AWE just appeared in my account, balanced by a matching drop in the price of T.)
I'm sure that, come April 15, my broker will send me and the IRS a Form 1099 (or whatever) noting the sale of AWE, and the IRS is going to want to know my basis in AWE so they can tax me on the sale.
What do I tell them? I did a search on this board, and didn't find anything; if it's already been discussed, please give me a link.
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