The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Basis question||Date: 8/9/2012 3:12 PM|
|Author: JAFO31||Number: 116519 of 122917|
fleg9bo; "Then there's the matter of the cash-in-lieu payments. Since I already paid taxes on that, I assume I can increase my basis in each stock by the amount of the cash-in-lieu.
Do I have that right?"
Not a tax pro, but that sounds backwards to me. I suspect that some of your basis was allocated to the cash-in-lieu, especially if it was payment for what would have been a partial share.
Waiting to hear the pros chime in.
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