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From: hrs@homxb.UUCP (H.SILBIGER)
Newsgroups: net.taxes,net.invest
Subject: Re: Divestiture tax question
Message-ID: <567@homxb.UUCP>
Date: Thu, 11-Apr-85 13:23:07 EST
Article-I.D.: homxb.567
Posted: Thu Apr 11 13:23:07 1985
Date-Received: Mon, 15-Apr-85 02:14:51 EST
References: <995@decwrl.UUCP>
Organization: AT&T Bell Labs, Holmdel NJ
Lines: 11
Xref: linus net.taxes:674 net.invest:566


The tax basis of the stock transaction which took place
when RBOC shares were consolidated depends indeed on when
the AT&T stock from which they came was acquired.
If you were in the AT&T dividend reinvestment plan,
some of those shares were acquired within the holding
period for short-term. If you were an AT&T employee and got some
AT&T shares in the 83 distribution, which you actually
received in 84, the RBOC shares from that distribution
were also short term when swapped.