>>Does anyone else share my predicament? >>I can't remember when, but I received shares of Travelers (2 shares TAP A and 4 Shares TAP B) as a spin-off from Citigroup, C.
On or about August 20, 2002. Full details can be found here: _http://www.citigroup.com/citigroup/fin/data/tap_tax_basis.pdf_ (http://www.citigroup.com/citigroup/fin/data/tap_tax_basis.pdf) >>On April 7 & 8, 2004 the above shares were removed from my account and replaced with ~$68 cash in lieu and one whole share of STA. >>I'm guessing that I could report the $68 as a long term capital gain--like I sold the Travelers with a cost basis of zero, but is this proper? You could, but it's not really proper. The link I gave above will show you how to determine your actual cost basis in TAP.A and TAP.B >>St. Paul Travelers provided a "Statement to be Attached to Sharholder's Tax Return Pursuant to Regulation Section 1.368-3(b)" which contains blanks for me to enter the share amounts and cost basis info. Must I file a paper return this year with the above attachment? I would prefer to file electronically. Some software will allow you to e-file with attachments such as this, other software will not. If your software doesn't allow you to do so, you are left with two choices: file on paper, or e-file without the statement. I'm don't know what the consequences are for not including the statement, but I do know that I have forgotten to include the statement on some returns I've filed in the past and have never heard about it. Ira Smilovitz ---- You can read and write messages or change your subscription options at the i-club-list web site at http://lists.better-investing.org. Log in using your e-mail address. You are currently subscribed to i-club-list as: [EMAIL PROTECTED] To unsubscribe simply send an e-mail to this address: mailto:[EMAIL PROTECTED]
