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Author: pip65 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Can anyone help? Date: 2/26/2001 8:04 PM
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I owned stock in MediaOne which AT&T bought this past year. I received .95 shares of AT&T for each share of MediaOne plus $36.27 per share in cash. I'm not sure how to claim the cash portion on my taxes. I bought the MediaOne stock in 1997, the buyout was complete in 2000. I assume the cash portion is considered a long-term gain, is this correct? I paid roughly $25 per share for the MediaOne in '97. On the completion date AT&T was trading at around $33 per share. Thanks for your help.

Jeff
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