DuPont completed the spinoff of Qnity Electronics on 1 November 2025. DuPont shareholders received 1 share of Q for each 2 shares of DD owned.
DuPont supplied information on this transaction indicates this spinoff will meet the criteria for being a tax-free reorganization distribution. The cost basis allocation information is calculated from the closing prices of Q and DD on the first trading day after the distribution completion date. This was 3 November 2025. This method to determine fair market value of the post spinoff companies is commonly used. A link to IRS Form 8937 was not available at the time these instructions were written.
The cost basis allocation is dependent on the prices used for both Qnity Electronics and DuPont in the cost basis allocation calculations. In our experience brokers tend to use the prices found in the guidance companies post on their websites including IRS form 8937. If available, our instructions will use the guidance in form 8937. If your broker does not use that guidance, or form 8937 is not publicly available, the cost basis of the companies involved as recorded in your accounting records and in your broker’s records may not match. This is not cause for concern. This is just due to the inexact nature of the tax code in this regard. Partnership tax returns have specific areas to reconcile these usually small differences. ICLUBcentral tax printer software automatically fills in these adjustments in the normal operation of the software using the data imported from your accounting records and that you enter from your 1099.
The Spinoff Entry
Go to Accounting > Securities > Record spinoff of securities in myICLUB.com. If you are unfamiliar with spinoff transactions you can get help at this URL: https://www.myiclub.com/faq/article.aspx?id=54
Here is the information you need to complete the spinoff.
Step 1
Step 2
Click Submit to save the transaction and the spinoff has been entered.
