Verizon Spins Off Idearc, Inc. Cost Basis Changes.

Completed 11/20/2006:

On November 20, 2006 Verizon shareholders received 1 share of Idearc, Inc. for every 20 shares owned of Verizon on November 1, 2006.  The spin off of Idearc might also be termed a special stock dividend.

The cost basis is allocated 96.334% to Verizon and 3.666% to Idearc, Inc.  If you owned AT&T before the January 1, 1984 AT&T divestiture, you might now own Verizon and Idearc, Inc. Figuring your Verizon and Idearc tax basis could be very time consuming.  However, if you have the AT&T Divestiture Basis Tracker, this computation is done automatically.

Idearc becomes worthless in 2009!

The AT&T tax cost basis (or stock basis) can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.

Order & Download Now! Special discounted price through 12/4/2021 $79. Regular Price $119. (3,011 KB Approx. 3 minute download [broadband]). Order licenses for additional machines.

Get more information about the AT&T Divestiture Basis Tracker.

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