Re: Spin-off

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In Reply to: Re: Spin-off posted by Mark on January 30, 2006 at 17:30:48:

: : Having a hard time with the separation of Viacom Corp. Class B into CBS Corp. and Viacom Corp. Class B New. I purchased three different lots at three different times of old Viacom. When I enter the spin-off of old Viacom into the new stocks, FM don�t keep the old purchase dates causing the lose of long-term and short-term gain/ loss tracking. In addition, FM doesn�t remove the shares for old Viacom nor does it remove the cost but treats the separation as a ROC. Thus I end up having a real mess for the value and cost of the portfolio both historically and going forward.

: : If I enter CBS & Viacom - New as purchases using the original dates from when I purchased old Viacom, my historical reports and IRS Sch. D are wrong

: : I am using FM � Personal Version

: : Help!!!

:

: Hi Jim,

: Are you recording 2 spin-offs, or just one for the new CBS Corp shares? Maybe you can describe some of the specifics (or at least a hypothetical example)? How many shares did you have before, and how many of each did you have after? What is the approximate value before/after of each?

: Thanks,

: Mark

: --

: Mark Beiley

: Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

:

Old Viacom split completely into two pieces - one became CBS and one became Viacom - New

As example: on 11/3/04 purchased 210 shares of old Viacom for $7,800 and on 6/1/05 purchased an additional 28 shares of old Viacom of $1,000. On 1/5/06 the 11/3/04 purchase became 105 share of CBS at a cost of $3,090 and 105 shares of Viacom - New at a cost of $4,710. The 6/1/05 purchase became 14 shares of CBS at a cost of $390 and 14 shares of Viacom - New at a cost of $610.

How do I split old Viacom apart so as to reflect the cost of the new positions and keep the long-term holding period plus not screw up IRS Sch. D and my historical portfolio cost?

Thanks

Replies:

• Re: Spin-off Mark 11:25:25 02/02/06 (2)
  • Re: Spin-off jim 12:46:56 02/06/06 (1)
    • Re: Spin-off Mark 13:02:00 02/06/06 (0)