Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: GO*QCOM who wrote (18858)	11/27/1998 4:49:00 PM
From: LKO	Read Replies (2) \| Respond to 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. :-)