Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 163.32

+2.3%

3:59 PM EST

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To: GO*QCOM who wrote (18858)	11/27/1998 4:49:00 PM
From: LKO	Read Replies (2) of 152472

Accounting for Spin-offs (slightly OT) How does one do accounting for spinoffs and the "parent" stocks ? For example, if one buys 100 QCOM at $40 (before spinoff) and sells them at $50 (after spinoff) and sells another 25 spawned LWIN for $6, what "cost" basis does one use for QCOM and LWIN ? I know...I should be reading some IRS publication ABC but I thought there may be people on this board who may have some of the answers. :-)

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