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the terms of the agreement, Agere shareholders will receive shares of LSI for For stock basis computations see be accessed at and free copies of the documents filed with the SEC by LSI and Agere by contacting . occurred in AT&T’s history: AT&T Shareowner Services: Tax Basis Information: Stock . The following PDF file on Agere’s investor relations web site has Worksheet New total tax basis of Agere A stock ($)/ Total Shares () =New ), your new bases for.

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Help!!! Q Corporate spin-off action driving me insane!!! | Accountant Forums

Discussion in ‘Quicken’ started by Jan Matejka, Apr 3, Q Corporate spin-off action driving me insane!!! I tasbasis much has been discussed over the years how to properly account for stock spin-offs, and I have read many posts but I am still going crazy!!!

I went to Lucent’s website and was able to complete their tax worksheet without much problem, but for the life of me, I cannot get the Quicken portfolio action “corporate spin-off” to give me the same numbers.

Original tax basis allocated I filled out the tax worksheet provided by Lucent and Agere as follows What am I supposed to insert in the following boxes to achieve the above calculations? Say for Class B shares:: Jan Matejka, Apr 3, Taxnasis Quicken programmers never imagined that one company would spin off TWO subsidiaries on the same invstor


Quicken can be made to work, but it takes some finagling. Getting the right answer is easy; with Agere’s help. Getting it into Quicken is the hard part.

ageee I’m using Q Basic; I think Q works the same way for spin-offs. As the example on Agere’s website shows at http: First, we need the allocation ratios computed from post-deal FMVs.

Agere has done that for us, but Quicken would have understood it better if we told it the actual FMVs, rather than the ratios. We’ll have to work with ratios and plug them in where FMVs ought to go – where Quicken incorrectly asks for “costs”, as we’ve often discussed here. The second problem is the dual spin-off.

Help!!! Q2004 Corporate spin-off action driving me insane!!!

Quicken won’t let us calculate bases for both spin-offs simultaneously. We have to record one, then the other. And this involves a complication that is not immediately apparent: After the first spin-off no matter which one we choose to record taxxbasisthe FMV of Lucent will still include the FMV of the other new shares.

Also, we’ll use the bases already calculated by Agere as our FMVs. FMV per new share: This is not really a Return of Capital, but that’s what Quicken calls it, so we’ll work with it. Cost per new share: Then, of course, you will record the sale on the spin-off date of your.


Friss hĂ­rek – Hrabopress AGORA

Your selling prices will be the amount of the check s that you received. You will report your gain or loss as long-term: Speaking of the check s you received, we could have used the amounts on those checks to “back into” the FMV of the Agere shares, but we still would not agede had the FMV of Lucent shares before or after the spin-off, so we would not have been able to compute ratios.

If I’ve dropped or rounded a decimal or two, I hope you will xgere. Remember that I’ve been retired for more than a decade.

Tax rules change daily, so be sure to check with your own CPA or attorney to be sure that this is still correct. White, Apr 5, Thanks so much for that excelllent explanation!!! Jan Matejka, Apr 21, Ask a Question Want to reply to this thread or ask your own question?

You’ll need to choose a username for the site, which only take a couple of moments here. After that, you can post your question and our members will help you out.

Corporate spin off in Q Error message with Corporate Securities Spinoff transaction. Alberto-Culver spin-off help please. Error message when entering a Spin-Off.


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