ericd1 Posted July 5, 2011 Posted July 5, 2011 How do you compute the cost basis for a spin-off? It's screwing up my numbers in Quicken... I own Marathon Oil Corp (MRO) and they recently spun off their refining and distribution business into a new co., Marathon Petroleum Corp (MPC). I received one share of MPC for every 2 shares of MRO. Is the cost basis adjusted to 2/3's MRO and 1/3 MPC, or something else?
Guest misterstockwell Posted July 5, 2011 Posted July 5, 2011 http://ir.marathonoil.com/phoenix.zhtml?c=84278&p=irol-irhome See Investor Downloads in the middle of that page, and look for "Tax Basis Allocation"
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