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https://boards.fool.com/3-abc-divests-xyz-co-shareholders-receive-15-25127799.aspx
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| Subject: Re: DRIPs and Spinoffs | Date: 2/4/2007 11:59 AM | |
| Author: DeltaOne81 | Number: 91696 of 131768 | |
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3. ABC divests XYZ Co, shareholders receive 1.5 XYZ per share of ABC. ... My cost basis for ABC was $1,000 before the spinoff. How do I determine my basis for ABC and XYZ afterward? Check out the Investor Relations webpage for either (or preferably both) companies. There should be some information relating to the spin-off and how to account for the basis. If you can't find it, or don't understand it, feel free to email or call their Investor Relations department to get a better explanation. |
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