Cost allocation for Frontier Communications spin-off from Verizon

Jul 18, 2010 5 Replies
H

I am trying to figure out how to allocate my original cost basis of



800 shares of Verizon stock, into a new cost basis of 800 Verizon and
192 Frontier Communications shares. I don't know exactly what date and $$ to value the shares of either Verizon or Frontier.

Suggestions/help


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J

Try this

formatting link
list Frontier.

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A

And this is the Verizon worksheet for calculating cost basis.

formatting link

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H

Art:

Thanks, but that chart only covers cost basis through the Idearc nonsense. I have the cost basis of Verizon after that time, not I have to do the Frontier Communications mess as of July 1, or whatever date is the official split.

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A

Oh, I'd suggest just be patient, and Verizon will update this website/worksheet. The thing is, by now they have all the info they need, but have to run it by the legal and financial folks before releasing it.

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H

Fantastic! Iit was the 94% to Verizon, 6% to Frontier Communications reatio that I needed. Now I only have to apply that to the two different flavors of Verizon that I own, due to getting the stock from two different employee purchase plans from AT&T and related companies many (5) decades ago.

Thanks for the guidance!!

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