GE Spinoff of GE Transportation
« on: November 27, 2019, 11:54:18 AM »
Has anyone determined what the tax consequences of this transaction is? It appears that the spinoff is taxable to GE share holders with a reduction in GE basis. If so how should this be accounted for in IAM?

Re: GE Spinoff of GE Transportation
« Reply #1 on: November 29, 2019, 09:51:35 AM »
If you contact the investor relations division on GE's website, they will provide the proper share ratios and cost basis allocations.  Once you have this information, with proper market prices on the date of the spinoff, you can enter this under the IAM Transactions Menu | Global Transactions | Spinoff function. If you have add'l questions, please contact our technical support team: techsupport@investmentaccountmanager.com

Matt