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United Online, Inc. Message Board

  • cwshannon Oct 11, 2013 3:08 PM Flag

    Taxes and Cost Basis

    If the record data for FTD spinoff was yesterday, how do you figure out final cost basis for everything if you sell UNTD shares before the distribution of FTD? Do you do the traditional averaging method of using the ratios of what the stocks were trading for the first day post spin (backing out the reverse split of UNTD to complicate things even more)?

    I might go ahead and dump UNTD in the next few days which is why I'm asking. Because the sale will be before the FTD distro, when tax time rolls around I think I'll have to claim an initial UNTD cost of something much lower than what I actually paid. That feels right to me, but I really don't have a clue. Never done anything like this before.

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