AFSCME 3357-HOF'S BLOG

SBC to Buy AT&T: What's my basis?

About a decade ago, I joined the millions of folks who are AT&T stockholders. What a mistake! Not because the stock hasn't done very well (and it hasn't), but because it's such a pain in the ass to sell. The problem:AT&T has done so many spin-offs & mergers, etc. that it is ridiculously difficult to figure out your basis for determining capital gains & loss. They've spun off Lucent. They've spun off AT&T Wireless. There was the original splitting of the baby bells. I'm going to wait until the price settles into a stable area over the SBC merger then sell it all just to be done with the damn thing.

USATODAY.com - SBC announces deal to buy AT&T