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Inergy, L.P. Message Board

rmalvin2 1 post  |  Last Activity: Sep 18, 2012 10:18 AM Member since: Sep 18, 2012
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    SPH cost basis?

    by vickersviscount Aug 19, 2012 11:25 AM
    rmalvin2 rmalvin2 Sep 18, 2012 10:18 AM Flag

    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?