Cost allocation for Frontier Communications spin-off from Verizon

Discussion in 'Tax' started by hr(bob) hofmann@att.net, Jul 18, 2010.

  1. hr(bob)

    hr(bob) Guest

    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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    hr(bob) , Jul 18, 2010
    #1
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  2. hr(bob)

    JoeTaxpayer Guest

    On 7/18/10 4:35 PM, hr(bob) 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.

    --
    << ------------------------------------------------------- >>
    << 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. >>
    << ------------------------------------------------------- >>
     
    JoeTaxpayer, Jul 19, 2010
    #2
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  3. hr(bob)

    hr(bob) Guest

    On Jul 18, 8:40 pm, (Arthur Kamlet) wrote:
    > In article <i209of$-september.org>,
    >
    > JoeTaxpayer  <> wrote:
    > >On 7/18/10 4:35 PM, hr(bob) 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/shareowner/cost_basis_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. >>
    << Copyright (2007) - All rights reserved. >>
    << ------------------------------------------------------- >>
     
    hr(bob) , Jul 19, 2010
    #3
  4. In article <>,
    hr(bob) <> wrote:
    >On Jul 18, 8:40 pm, (Arthur Kamlet) wrote:
    >> In article <i209of$-september.org>,
    >>
    >> JoeTaxpayer  <> wrote:
    >> >On 7/18/10 4:35 PM, hr(bob) 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/shareowner/cost_basis_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. >>
    << ------------------------------------------------------- >>
     
    Arthur Kamlet, Jul 19, 2010
    #4
  5. hr(bob)

    hr(bob) Guest

    On Jul 18, 8:28 pm, JoeTaxpayer <> wrote:
    > On 7/18/10 4:35 PM, hr(bob) 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. >>
    << ------------------------------------------------------- >>
     
    hr(bob) , Jul 19, 2010
    #5
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