Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP 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 Lines: 17 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