Confused about Bivio's basis allocation for this transaction. Our club owns 15 shares of Citigroup. I called investor relations and they gave me the following information.
 
.0432043 Class A
.0887656 Class B
 
So our club should have received the following
.64806 Class A shares
1.33148 Class B shares
 
The ledger below is taken from my club's bivio account sync transaction. Class A looks right but B looks wrong (i.e, 1.66298 vs. 1.33148)
 
What am I doing wrong?
 
 
Date Description New Shares Cash Long-Term
Capital Gain
  
  
08/20/2002 Spin-off, Citigroup (C), TRAVELERS PROP CASUALTY B WI (TAPB), Cash in lieu of 0.66298 shares 1.000000 5.69 (7.51)
08/27/2002 Spin-off, Citigroup (C), TRAVELERS PROP CASUALTY CL A (TAPA), Cash in lieu of 0.64806 shares 0.000000 10.33 (3.64)
        16.02 (11.15)

Louis C. Taormina wrote:
> Class A looks right but B looks wrong (i.e, 1.66298 vs. 1.33148)
 
We had a bug in our AccountSync processing for Ameritrade accounts
which was causing the fractional share portion to be added in
twice in certain cases. This is why you are showing 1.66298 shares
instead of 1.33148. To correct the problem, select the 'edit' link
next to the sale entry on the Account Detail page and enter the
correct number of shares.
 
Paul Moeller
bivio Inc.