Cost allocation for Frontier Communications spin-off from Verizon

[hr(bob) hofmann@att.net]

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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[JoeTaxpayer]

On 7/18/10 4:35 PM, hr(bob) hof...@att.net wrote:
> 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

Try this http://costbasistools.com/spinoff/calculator.php
It list Frontier.

[Arthur Kamlet]

In article <i209of$v5g$1...@news.eternal-september.org>,

JoeTaxpayer <JoeTa...@comcast.net> wrote:
>On 7/18/10 4:35 PM, hr(bob) hof...@att.net wrote:
>> 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
>
>Try this http://costbasistools.com/spinoff/calculator.php
>It list Frontier.

And this is the Verizon worksheet for calculating cost basis.

http://investor.verizon.com/shareowner/cost_basis_worksheet.aspx

--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

[hr(bob) hofmann@att.net]

On Jul 18, 8:40 pm, kam...@panix.com (Arthur Kamlet) wrote:
> In article <i209of$v5...@news.eternal-september.org>,
>
> JoeTaxpayer  <JoeTaxpa...@comcast.net> wrote:

> >On 7/18/10 4:35 PM, hr(bob) hofm...@att.net wrote:
> >> 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
>

> >Try thishttp://costbasistools.com/spinoff/calculator.php

> >It list Frontier.
>
> And this is the Verizon worksheet for calculating cost basis.
>
> http://investor.verizon.com/shareowner/cost_basis_worksheet.aspx
>
> --
>
> ArtKamlet  at  a o l dot c o m  Columbus OH  K2PZH

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.

[hr(bob) hofmann@att.net]

On Jul 18, 8:28 pm, JoeTaxpayer <JoeTaxpa...@comcast.net> wrote:

> On 7/18/10 4:35 PM, hr(bob) hofm...@att.net wrote:
>
> > 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
>

> Try thishttp://costbasistools.com/spinoff/calculator.php
> It list Frontier.

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!!

[Arthur Kamlet]

In article <b33a944b-dd5c-4a60...@y4g2000yqy.googlegroups.com>,

hr(bob) hof...@att.net <hrho...@att.net> wrote:
>On Jul 18, 8:40 pm, kam...@panix.com (Arthur Kamlet) wrote:
>> In article <i209of$v5...@news.eternal-september.org>,
>>
>> JoeTaxpayer  <JoeTaxpa...@comcast.net> wrote:
>> >On 7/18/10 4:35 PM, hr(bob) hofm...@att.net wrote:
>> >> 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
>>
>> >Try thishttp://costbasistools.com/spinoff/calculator.php
>> >It list Frontier.
>>
>> And this is the Verizon worksheet for calculating cost basis.
>>
>> http://investor.verizon.com/shareowner/cost_basis_worksheet.aspx
>>

>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.

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.
--

ArtKamlet at a o l dot c o m Columbus OH K2PZH

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