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Abbott Laboratories Message Board

jack_straw_67201 2 posts  |  Last Activity: Jul 19, 2014 2:12 PM Member since: Nov 10, 1999
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  • jack_straw_67201 by jack_straw_67201 Jul 19, 2014 2:12 PM Flag

    My 1,600 AbbVie shares were acquired in a 1981 purchase of 50 shares of Abbott Laboratories. The cost basis is $0.92.

    I figure, using Friday’s closing price ($54.91), that I am going to have to come up with $19,824.08 to cover my federal and state capital gains tax on the inversion which is 22.6% of the value of my Abbvie shares. If I sell New AbbVie shares to come up with the cash I will also be out the present value of $606.53/year of dividends.

    Even if it works out, it’s going to be a while before I’m even on this…

  • Reply to

    no reason to go down

    by helpallaretaken Jul 18, 2014 8:15 AM
    jack_straw_67201 jack_straw_67201 Jul 18, 2014 10:08 AM Flag

    There’s a tax treaty with no UK withholding on the dividend. Withholding on my DEO dividends stopped years ago.

ABT
42.96Jul 21 4:01 PMEDT

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