2007-04-03 04:23:13 · 3 answers · asked by epeshear 1 in Business & Finance ➔ Taxes ➔ United States
It depends how the spin off was allocated.
When Heinz did the spin off, they are required to issue a written explanation
to all of the shareholders affected by the spin off; indicating how to adjust your
cost and the tax ramifications.
If you cannot locate this correspondence, then I would highly suggest you contact Standard & Poors or the S&P website. Standard & Poors is the official archive for the activity in stock markets. There you will find an answer
to your question.
2007-04-03 05:23:10 · answer #1 · answered by bold4bs 4 · 0⤊ 0⤋
Any gain on your sale of the shares would be taxable. You'll need to find out what your basis was to determine how much is taxable.
2007-04-03 07:46:49 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
The spin off was what was non-taxable, not your sale. Your sale will be taxable so you need to determine your basis in the stock. Do you use a broker? They may be able to help.
2007-04-03 06:05:50 · answer #3 · answered by zudmelrose 4 · 1⤊ 0⤋