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Subject:  tax question Date:  3/30/2013  10:14 AM
Author:  eddietheinvestor Number:  118220 of 127613


I own shares of Conoco Phillips (COP). Last April 30, the company had a spin off, Phillips66 (PSX). For every 2 shares of COP, I received 1 share of PSX. However, because it didn't happen evenly, a partial share was sold, and I received the proceeds. According to the 1099-B, which reported the sales price less commissions and option premiums, it was a sale on 4/30/12, which was long-term.

Quantity sold 2a stocks 3 cost or other basis

.1682 $ 5.69 $ 5.96
.7091 $ 24.01 $ 22.91

Total $29.70 $28.87

I don't know why there is a 29.70, which is then lowered to 28.87 Is it because of a cost basis?

What I am wondering is how am I supposed to include this in my taxes as a stock sale? Thank you very much.
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