Wed, Dec 24, 2014, 7:28 PM EST - U.S. Markets closed early today

Recent

% | $
Quotes you view appear here for quick access.

Inergy, L.P. Message Board

  • vickersviscount vickersviscount Aug 19, 2012 11:25 AM Flag

    SPH cost basis?

    because this is a distribution, it is treated like a dividend for tax purposes? It really isn't a company spin-off like some other companies do when companies split into two or three like ATT did years ago.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • It would seem to me that if it is considered a (non taxable) distribution then the NRGY basis would be adjusted (lowered) accordingly giving rise to additional ordinary gain upon disposition of shares. If that is the case it would seem that there world be no basis in the PRH and all sales proceeds would be subject to ordinary gain tax. If one were to sell only PRH it would seem then that one would, as in my case, pay a tax on PRH while sustaining an unrealized loss in NRGY. Can anyone comment on the veracity of the foregoing?

    • Go to NRGY web-site it's printed there in black-n-white. Duh. This is a non-taxable distribution.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.