How to calculate cost basis for stock bought before a company spinoff? (USA)
In 2010, Questar Corp. spun off a separate company, QEP Resources. I had stock in Questar that I purchased before this spin off. At the time of the spin off, every share in Questar Corp. was converted in to one share in Questar Corp. and one share in QEP Resources.
I've now sold off my stock in Questar Corp. (but not my QEP stock). How should I calculate the cost basis for the Questar stock purchased before the spin off of QEP?
(1)1 Comments
Sorted by latest first Latest Oldest Best
Your brokerage account statement should report the Questar cost basis adjusted for the spinoff (and would have done so starting the day the spinoff happened), shifting the portion of it over to your shiny new QEP stock based on the opening price. At what price did you buy into Questar?
The Questar IR site also has a document with more detail.
Terms of Use Privacy policy Contact About Cancellation policy © freshhoot.com2026 All Rights reserved.