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The Bottom Line on Lucent's Spinoff of Avaya
I have received shares of Avaya(AV Quote) in my brokerage account due to the spinoff from Lucent Technologies (LU Quote). My question is: What is the cost basis of those shares? My brokerage account states those shares are a dividend. Is my cost $0, since I did not buy those shares? Or is the basis the price of the shares when they were entered into my account?
-- Don Chrisman
Don,
It's becoming one heck of a family tree. ...
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