The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tales from the trenches||Date: 3/5/2009 4:39 PM|
|Author: synchronicityII||Number: 104971 of 120415|
That's a good one.
FWIW, I have a friend who has AT&T stock that was first purchased somewhere in the early 1960's. Of course he held on to it, although (thank god!) he did not reinvest the dividends.
So, back when Vodafone acquired Airtouch for stock and cash (I believe those were the companies, all I remember was that it was a taxable to the extent of boot transaction, I posted it on the boards in a couple of places including those old stock boards so you could search for it if you wanted to) and when he later sold his holdings in...something, I forget which one it was, maybe Lucent, he wanted to know what his basis was.
Yes, I had a spreadsheet that broke out the basis for EVERY ONE of those AT&T and baby bell transactions. IIRC, someone from the boards asked if he could post it (with attribution and caveats) at his website somewhere. Unfortunately for any of you out there with AT&T issues, I stopped updating the thing a number of years ago.
But as bad as your story was, imagine if dear Harold had bought AT&T in 1957. And DRIP'd it (and babies) ever since....
-synchronicity, run screaming
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