Except where otherwise noted, the information listed below is taken from the Tax Basis Information found in the Investor Relations area of the Time Warner site.
Spinoff date: 06/06/14
Shares received in Time, Inc., including any fractional shares
- Total shares of Time Warner divided by 8
Cash received
- From the broker statement
Time, Inc. Price per share: 23.30
Even though the club is not charged for the new company, you MUST enter a price per share, so the program can correctly calculate the value of the stock.
Old Security Price, or Remaining Basis Percentage of Parent Company:
While you can use the Parent price per share (68.99), we suggest to use the Remaining Basis Percentage (95.95), so it is easier to see how the cost basis is allocated from the parent company to the new stock.