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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121564  
Subject: Re: Basis question Date: 8/9/2012 3:12 PM
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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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