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Financial Planning / Tax Strategies


Subject:  Re: Basis question Date:  8/9/2012  3:12 PM
Author:  JAFO31 Number:  116519 of 127637

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.

Regards, JAFO
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