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Subject:  Re: Basis question Date:  8/15/2012  1:05 PM
Author:  fleg9bo Number:  116534 of 127519

While this was most likely a non-taxable merger, there is the possibility that it was a taxable one, where you should have recorded a sale of CBS and a purchase of Viacom.

I found the documentation and it says non-taxable.

I also found all the documentation I need for the Citigroup sale. I can see now, after having read responses on this thread, that I could have saved $10 or $15 if I had calculated the basis for cash-in-lieu transactions in the past instead of taking a $0 basis.

Citigroup was fun because it spun off two entities, TPC-A and TPC-B, with some cash-in-lieu for each entity. Then some years later, the two entities merged, generating a couple more cash-in-lieu events. Using company documents, I got to calculate the basis of Citigroup after the spinoffs and the basis of the new entity formed by the merger of the spinoffs. Ain't taxes grand?

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