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Path: utzoo!watmath!clyde!burl!ulysses!allegra!bellcore!decvax!decwrl!dec-rhea!dec-hare!bennison
From: bennison@hare.DEC
Newsgroups: net.taxes,net.invest
Subject: Divestiture tax question
Message-ID: <995@decwrl.UUCP>
Date: Thu, 7-Mar-85 09:45:14 EST
Article-I.D.: decwrl.995
Posted: Thu Mar  7 09:45:14 1985
Date-Received: Sat, 9-Mar-85 11:27:48 EST
Sender: daemon@decwrl.UUCP
Organization: DEC Engineering Network
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Xref: watmath net.taxes:767 net.invest:556

--- 
I have an AT&T divestiture question.  I've managed to figure out my new
tax basis for all the regional holding companies.  At the time of 
divestiture I transferred everything into Bell South.  Now I have to
figure out what part of the gains on the sale of the locals were short term 
gains and what part were long term gains.  The transaction slip gives a
transaction date for the sale of the locals of 8 APR 1984, which would seem to
imply that any AT&T stock acquired before 8 APR 1983 would convert to locals 
with long term gains.  However, the divestiture prospectus states that the 
distribution date for the locals should be considered to be 1 JAN 1985.  
Does this have any bearing on the calculation of long/short term gains?


    				Vick Bennison
    				...decvax!decwrl!rhea!tools!bennison
    				(603) 881-2156