DaveF1006
Expert Alumni

Deductions & credits

We need some clarification on this and let me retrace your steps.

 

  1. You held 280 shares of Macy's Stock before the acquisition. Federated bought those 280 shares at $17.75 per share and issued you cash for the purchase. 
  2. Now you received 87 shares of federated stock (.3115 X 280) in addition to the purchase by Federated. The basis for those 87 shares is $6003 ( 87 X $69)
  3. These became Macy's stock as of 2007 as a result of the name change.
  4. You mention you have had 174 shares since 2007, which is double of the stocks received at the time of the acquisition.
  5. My question is, where did the other 87 shares come from and when did you receive them?

There maybe be something that I am missing but hopefully, you can provide some clarification so we can answer your question. i will await for your reply back.

 

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