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

posted

Connect with an expert

1 Best answer

Accepted Solutions

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.

View solution in original post

1 Reply

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.

Still have questions?