Thanks al,
Dawn,
I know the month the stock was gifted, the number of shares and the value in whole that day. Let's say 181 shares at 22 each back in 1989.
I know the date of the Warner split, the number of shares, price etc. I know when I sold them as it appears on the 1099b...thought on two separate lines for some reason. Let's say the 18 shares were at $16 each when spun off a year and at $12 each when sold....made up but for illustration...I don't have the form with me at the moment.
I think the recent sale of Warner and the 1099 reflects the difference between the spin off date and sale date a year later and the cost basis reflects those 2 dates and $. But since the Warner was a spin off of the gifted AT&T I think I need to adjust the cost basis.
If I have all this correct, I think i have the info I need to determine the cost basis for the Warner sale...I am just not sure how to compute it.
