club_cafe: I need help with Scottish Power
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club_cafe: I need help with Scottish Power In a message dated 7/25/2007 7:49:30 P.M. Eastern Daylight Time,
dthorne@bivio.com writes:
Hey, does anyone know the basis allocation percentage for There is none. If you owned Scottish Power, the transaction is recorded as
a sale and purchase where the sales proceeds are the sum of the value of any
Iberdrola shares plus any cash received. You then purchase Iberdrola shares at
their market value on the date received. Your holding period begins the day
after you received the shares.
If there is something else that you need to know, please ask again and
provide more specific information.
Ira Smilovitz Get a sneak peek of the all-new AOL.com. Thank you for your reply Ira. Let me see if I have this straight. These are
approximate numbers I'm using. Originally, I had 128 shares of Scottish Power
with a cost basis of $12,000. I received $6000 for the Scottish Power, plus 120
shares of Iberdrola (which I will look up the value of them on the day they were
received). So I would treat the sum of these two items as the sale price. Then,
my basis in the Iberdrola is the value on the day they were received. I hope I
got that right, because it's starting to make sense to me.
Debi
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