maglib
Level 10

Investors & landlords

For every stock spin off, you must allocate basis of the original shares to the new company spun off.  Normally the companies have something on their websites to walk you through how to allocate basis in spin offs as it's based on the price the shares trade at the next day and often complicated.

If you post the companies involved, you could get better assistance.  Do it as a new post though, don't reuse older posts.

**I don't work for TT. Just trying to help. All the best.
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I am NOT an expert and you should confirm with a tax expert.