Still so confusing and insane how much work has to be done to obtain the information needed to correctly record this small amount of cash.
Have two lots of AT&T stock (700 & 200 shares) at $28.098750 per share inherited at my Mom's date of death of 7/24/21.
4/11/22 AT&T did a spinoff of .242 shares of AT&T total shares (900) to WBD = 217.72530 shares of WBD received.
WBD closed on 4/11/22 at $24.78/share.
New per share cost of AT&T 900 shares is $21.501171
Received $17.29 cash in lieu of the WBD fractional shares of .72530.
I know the Date acquired will be 7/24/21 so Long Term (Part II) ,Non-covered Security, Basis Not reported to IRS (Box E).
Can you help me using the numbers above to calculate the Cost Basis of the fractional shares? Are there any other numbers needed to calculated this?
