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From: idje@aluxz.UUCP (EISENBERG)
Newsgroups: net.invest
Subject: Re: AT&T Stock Basis Allocation
Message-ID: <134@aluxz.UUCP>
Date: Thu, 5-Jul-84 08:32:15 EDT
Article-I.D.: aluxz.134
Posted: Thu Jul  5 08:32:15 1984
Date-Received: Fri, 6-Jul-84 00:28:39 EDT
References: <723@vax135.UUCP>, <132@aluxz.UUCP>, <2945@rabbit.UUCP>
Organization: AT&T Bell Laboratories, Allentown, PA
Lines: 4

I unfortunately misstated the affect of the IRS method on the tax basis
of the new ATT and ROC shares.The IRS method results in a HIGHER cost
basis for the shares as opposed to the alternative method. Of course
the higher cost basis lowers the tax liability on sale of the shares.