We have previously announced that the Disney/Marvel acquisition was completed on 12/31/09, and thus should be recorded in 2009. The brokers are reporting this in 2010. This can make a difference because this transaction may be taxable, depending on the circumstances. I have a request for clarification in at the Disney website, but it could take a while to be answered.

 

In the meantime, all accountsync customers who had this transaction may want to hold up on filing their partnership returns, and may wish to caution their members not to file their personal returns until we get this clarified.

 

Rip West
Saint Paul, MN