Here is a handy tool to help you calculate your cost basis for stocks that you receive as a spinoff from a stock that you already own. In the usual situation of a tax-free spinoff, you need to allocate part of your cost basis in the original stock to the shares of stock that you received in the spinoff and also compute the gain or loss for any cash you received in lieu of fractional shares.
These are just some of the recent spinoff transactions for which the calculator has data ready for you:
America Movil (from Telefonos de Mexico) Ameriprise (from American Express) Ascent Media (from Discovery Holdings) Brink's Home Security (from Brink's Co) Broadridge Finl (from Automatic Data Proc) Citadel Broadcasting (via Disney) Clearwater Paper (from Potlatch) Discover Financial (from Morgan Stanley) Dr Pepper Snapple Group (from Cadbury) Embarq (from Sprint Nextel) Fairpoint Communications (from Verizon) Hanesbrands (from Sara Lee) John Bean (from FMC Technologies)
Click on the spinner below to access the cost basis calculator tool for stock spinoffs.
Spinoff Calculator
Kraft Foods (from Altria) Lender Processing (from Fidelity Natl) Metavante (from Marshall & Ilsley) Patriot Coal (from Peabody Energy) Philip Morris Intl (from Altria) Spectra Energy (from Duke Energy) Sunpower Class B (from Cypress) Telmex Internacional (from Telmex) Teradata (from NCR Corp) Tim Hortons (from Wendy's) Treehouse Foods (from Dean Foods) Western Union (from First Data) Zep (from Acuity Brands)
You can also enter your own data.
The calculator also has data for TAXABLE spinoffs, such as those listed below with the following cost basis per share: Brookfield Infrastructure Partners $20.56 Digimarc Corp (new) $7.56 Nortel (from BCE) (U.S. tax treatment) $117.38 RXi Pharmaceuticals (from CytRx) $8.84 Ship Finance Intl (3/22/07 spinoff from Frontline Ltd) $26.00 Vertus Investment Partners (from Phoenix) $9.52
If you know of other spinoffs, please help us build our database for the benefit of all users. Please send us the details by email so that we can add it to the table of pre-filled values.
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Information provided is intended solely for U.S. individual cash-basis taxpayers and is believed to be accurate for most cases. Always consult your personal tax advisor about your own situation. Suggestions are most welcome. Please e-mail webmaster @ costbasis.com or write to us at P O Box 11022, Chicago IL 60611 with your comments.
