AFTER 35 YEARS WE WILL BE CLOSING THE BUSINESS ON MAY 31. WE WILL NOT BE ABLE TO PROVIDE TECHNICAL SUPPORT!

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 4/30/2022 $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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