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Author: RooCat Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121567  
Subject: Re: Unclaimed property Date: 9/27/2000 6:04 AM
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Somehow when AT&T split (how long ago was that?) it generated small checks from each of the baby bells. Each check was under $10, but the Unclaimed Property Division of the State of Alabama sent me enough
checks to generate $130+. They ONLY sent a check, though, so where did this money come from and how does it affect taxes? I could just shrug (it's under my ex's ssn and he DID say that it wasn't enough money to FOOL with so I was welcome to the proceeds), but I'm nicer than that. Does anyone know how to list it come taxes time? As near as I can tell, we own 1 share of AT&T, which must have generated this WINDFALL.


It is probably a combination of sales of partial shares from the spinoffs of AT&T and accumulated dividends. You should research AT&T at their website to see when it might have split, whether or not you dividends were reinvested, and when the spinoffs occurred. Is the 1 AT&T share still in your name? Is it held in a DRIP account with AT&T? Or do you have the stock certificate? More information will more accurately generate the correct answer as to how to report it.
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