Let me say publicly that DonBoy’s answer exudes a combination of intuitive genius and confidence that make me think DonBoy is going to do big things in his life. -- Steven D. Levitt (Freakonomics blog)
Monday, April 11, 2005
Tax Fun

Let's see, if AT&T spun off AT&T Wireless in July 2001, on a 77.66%/22.34% basis, and then in November 2002 AT&T spun off Comcast on a 37.4%/62.6% basis, and then AT&T Wireless was bought by Cingular in 2004, causing a taxable event, and you paid $XXXX for the AT&T shares in the year 2000: quick, what the basis of the forced sale of your AT&T Wireless shares? What's the basis of your AT&T shares, and your Comcast shares, both of which you continue to hold? And do you really think it was a good idea to ignore those letters from AT&T explaining all of this when it happened?

Thank God for ETrade's online copies of all monthly statement, and various companies' Investor Relations sections of their web sites.

Powered by Blogger Weblog Commenting by
free website counter