Figuring Taxes on Selling Shares From a Spinoff

Figuring Taxes on Selling Shares From a Spinoff

USA TODAY -Corporate spinoffs are raging back to Wall Street. And that’s about to give some investors a headache at tax time. Spinoffs are corporate maneuvers where a company separates a part of its business, employees and management team into a new, separate publicly traded company. Shareholders in the parent company receive shares in the new entity, usually in what’s called a “tax-free spinoff.”  Read more….