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How do you compute the cost basis for the spectra energy spin off of duke energy?
Wiki User
∙ 10y ago
To compute the cost basis for the Spectra Energy spin off of Duke Energy one is recommended to contact and make an inquiry with a financial or tax adviser. Duke Energy received a ruling from the IRS to the effect that the distribution of its shares of Spectra Energy qualifies as a tax-free distribution for U.S. federal income tax purposes. As a result shareholders will not recognize gain or loss.
Wiki User
∙ 10y ago
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