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Author: RClingerman Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: cost basis when selling Date: 4/9/1999 1:14 PM
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In 1996 we were issued LU stock as we were AT&T shareholders.


#1 - What basis do we use when this was issued as a result of our owning stock?

#2 Do we still get the price as of that date as our cost basis?

3. If we were to sell that LU stock today, after the split, what would our cost basis be?

Example:
Issued to us in 1996 at $50.00 share
We sell that original stock now, after the split, for $64.00. Would our cost basis that we are taxed on be the difference between 50 and 64?

Or would we have to use -0- basis because we didn't actually pay cash for these shares?

Same question on the shares that split since 1996 (two splits)

Pugg



exa

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