Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0

I own shares of Conoco Phillips (COP). Last April 30, the company had a spin off, Phillips66 (PSX). For every 2 shares of COP, I received 1 share of PSX. However, because it didn't happen evenly, a partial share was sold, and I received the proceeds. According to the 1099-B, which reported the sales price less commissions and option premiums, it was a sale on 4/30/12, which was long-term.

Quantity sold 2a stocks 3 cost or other basis

.1682 $ 5.69 $ 5.96
.7091 $ 24.01 $ 22.91

Total $29.70 $28.87

I don't know why there is a 29.70, which is then lowered to 28.87 Is it because of a cost basis?

What I am wondering is how am I supposed to include this in my taxes as a stock sale? Thank you very much.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.