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Cost allocation for Frontier Communications spin-off from Verizon

 
 
hr(bob) hofmann@att.net
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      07-18-2010, 08:35 PM
I am trying to figure out how to allocate my original cost basis of
800 shares of Verizon stock, into a new cost basis of 800 Verizon and
192 Frontier Communications shares. I don't know exactly what date
and $$ to value the shares of either Verizon or Frontier.

Suggestions/help

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JoeTaxpayer
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      07-19-2010, 01:28 AM
On 7/18/10 4:35 PM, hr(bob) (E-Mail Removed) wrote:
> I am trying to figure out how to allocate my original cost basis of
> 800 shares of Verizon stock, into a new cost basis of 800 Verizon and
> 192 Frontier Communications shares. I don't know exactly what date
> and $$ to value the shares of either Verizon or Frontier.
>
> Suggestions/help


Try this http://costbasistools.com/spinoff/calculator.php
It list Frontier.

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<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
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<< to this newsgroup as well as our anti-spamming policy >>
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hr(bob) hofmann@att.net
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      07-19-2010, 03:44 AM
On Jul 18, 8:40*pm, (E-Mail Removed) (Arthur Kamlet) wrote:
> In article <i209of$(E-Mail Removed)-september.org>,
>
> JoeTaxpayer *<(E-Mail Removed)> wrote:
> >On 7/18/10 4:35 PM, hr(bob) (E-Mail Removed) wrote:
> >> I am trying to figure out how to allocate my original cost basis of
> >> 800 shares of Verizon stock, into a *new cost basis of 800 Verizon and
> >> 192 Frontier Communications shares. *I *don't know exactly what date
> >> and $$ to value the shares of either Verizon or Frontier.

>
> >> Suggestions/help

>
> >Try thishttp://costbasistools.com/spinoff/calculator.php
> >It list Frontier.

>
> And this is the Verizon worksheet for calculating cost basis.
>
> http://investor.verizon.com/shareown...worksheet.aspx
>
> --
>
> ArtKamlet *at *a o l dot c o m *Columbus OH *K2PZH


Art:

Thanks, but that chart only covers cost basis through the Idearc
nonsense. I have the cost basis of Verizon after that time, not I
have to do the Frontier Communications mess as of July 1, or whatever
date is the official split.

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
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Arthur Kamlet
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      07-19-2010, 03:52 AM
In article <(E-Mail Removed)>,
hr(bob) (E-Mail Removed) <(E-Mail Removed)> wrote:
>On Jul 18, 8:40*pm, (E-Mail Removed) (Arthur Kamlet) wrote:
>> In article <i209of$(E-Mail Removed)-september.org>,
>>
>> JoeTaxpayer *<(E-Mail Removed)> wrote:
>> >On 7/18/10 4:35 PM, hr(bob) (E-Mail Removed) wrote:
>> >> I am trying to figure out how to allocate my original cost basis of
>> >> 800 shares of Verizon stock, into a *new cost basis of 800 Verizon and
>> >> 192 Frontier Communications shares. *I *don't know exactly what date
>> >> and $$ to value the shares of either Verizon or Frontier.

>>
>> >> Suggestions/help

>>
>> >Try thishttp://costbasistools.com/spinoff/calculator.php
>> >It list Frontier.

>>
>> And this is the Verizon worksheet for calculating cost basis.
>>
>> http://investor.verizon.com/shareown...worksheet.aspx
>>

>Art:
>
>Thanks, but that chart only covers cost basis through the Idearc
>nonsense. I have the cost basis of Verizon after that time, not I
>have to do the Frontier Communications mess as of July 1, or whatever
>date is the official split.



Oh, I'd suggest just be patient, and Verizon will update
this website/worksheet. The thing is, by now they have
all the info they need, but have to run it by the legal
and financial folks before releasing it.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
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hr(bob) hofmann@att.net
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      07-19-2010, 03:54 AM
On Jul 18, 8:28*pm, JoeTaxpayer <(E-Mail Removed)> wrote:
> On 7/18/10 4:35 PM, hr(bob) (E-Mail Removed) wrote:
>
> > I am trying to figure out how to allocate my original cost basis of
> > 800 shares of Verizon stock, into a *new cost basis of 800 Verizon and
> > 192 Frontier Communications shares. *I *don't know exactly what date
> > and $$ to value the shares of either Verizon or Frontier.

>
> > Suggestions/help

>
> Try thishttp://costbasistools.com/spinoff/calculator.php
> It list Frontier.


Fantastic! Iit was the 94% to Verizon, 6% to Frontier Communications
reatio that I needed. Now I only have to apply that to the two
different flavors of Verizon that I own, due to getting the stock from
two different employee purchase plans from AT&T and related companies
many (5) decades ago.

Thanks for the guidance!!

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
 
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