Are stocks I received from Prudential back in 2001/2002 due to demutualization of the company subject to capitol gains when sold?

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Are stocks I received from Prudential back in 2001/2002 due to demutualization of the company subject to capitol gains when sold?

Yes they are. The IRS wants them entered as a cost basis of zero, long term holding period.

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Are stocks I received from Prudential back in 2001/2002 due to demutualization of the company subject to capitol gains when sold?

Yes they are. The IRS wants them entered as a cost basis of zero, long term holding period.

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