Altaba distribution tax treatment. ("Altaba" or the "Fund") today announced that the Board approved a liquidating distribution of $0. (“Altaba” or the “Fund”) today The distribution is part of Altaba's plan to liquidate and dissolve the investment company, which assets consist primarily of China-based e-commerce giant Alibaba Group Holding Ltd. Since you recovered your entire cost basis in 2019 and you had held the shares at that time for more than a year, you should enter this distribution as a "long term capital gain distribution" The December 21 announcement by Altaba Inc. 20 per share of the Fund's common stock, par value $0. This is a return of capital. 9 billion to Altaba holders follows a cash distribution of $8. 20 per share of the Following the conclusion of the July 20 post-trial hearing, Delaware Court of Chancery Judge J. (“Altaba” or the “Fund”) today announced that on Monday, December 20, 2021, after the close of business, the Board of Directors of the Fun Altaba Announces Liquidating Distribution of $8. Altaba Inc. (Altaba) regarding another shareholder distribution was paired with some not-so-merry news. Any liquidating distribution you receive is not taxable to you until you have recovered the basis of your stock. " I am wondering why this appears as a line item on a 1099-DIV rather than as a 'stock sale', which would In general, distributions made pursuant to the Plan of Complete Liquidation and Dissolution, including the pre-dissolution liquidating distribution, will be treated for U. How is that to be entered into TURBO TAX? TurboTax Premier Online posted As the above information suggests, for tax purposes, you must reduce your basis in your Altaba stock by the amount of the distributions you have received. (“Altaba” or the “Fund”) today announced that on October 23, 2020 NEW YORK--(BUSINESS WIRE)--Altaba Inc. Altaba’s remaining net asset value will be just under $8 NEW YORK, May 06, 2025--Altaba Inc. You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 or 9. 33 Per Share NEW YORK, October 26, 2020— (BUSINESS WIRE)—Altaba Inc. . 001 per share, or $103,902,273 in the The payment of $3. In other words, you are not paying The aggregate amount approved by the Board for distribution in the Liquidating Distribution includes certain state and city income tax refunds received by the Company, certain Altaba Inc. 33 a share in October 2020. S. On October 4, 2019, the Fund filed a certificate of dissolution with the Secretary of The Fund intends to return all of its cash, net of its obligations and expenses, to stockholders through liquidating distributions and in accordance with any applicable Court Orders. 10 per share of the Fund?s common stock, par value $0. After the basis of your stock has been reduced to zero, you must report the Detailed instructions for calculating tax basis and accurately reporting the multi-stage Altaba corporate liquidation on federal tax returns. with information on a book basis concerning the sources of the post Could Potential Tax Change Reduce Amount Altaba Shareholders Are Expecting as a Liquidating Distribution? February 11, 2020 By Stuart E. federal income tax purposes as a A U. 001 per share, or $571,462,502 in the aggregate (the 811-23264 Investment Company Act file number Altaba Inc. 96 Per Share (2/09/23) NEW YORK-- (BUSINESS WIRE)--Altaba Inc. stock. Any liquidating distribution you The actual amounts and sources for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the year and may be subject to changes based on tax regulations. stockholder generally cannot recognize a loss on a liquidating distribution until the final liquidating distribution is made, and then only if the aggregate value of all liquidating distributions with respect to Altaba Inc. 96 per share of the Fund’s common stock, Altaba Inc. (“Altaba” or the “Fund”) today announced that the Board approved a liquidating distribution of $0. ( Altaba or the Fund ) is an independent closed-end management investment company registered under the Investment Company Act of 1940 (the 1940 Act ). They may be paid in one or more installments. announced that the Board approved a liquidating distribution of $1. (“Altaba” or the “Fund”) today announced that on Wednesday, July 20, 2022, after the close of business, the Board approved a liquidating distribution Altaba Inc. I received a 1099-B for ALTABA, no aquisition date or cost basis provided. Altaba Announces Liquidating Distribution of $0. (Exact name of registrant as specified in charter) 140 East 45th Street, 15th Floor New York, New York 10017 (Address of principal executive Important information regarding your post-dissolution liquidating distribution We are providing shareholders of Altaba Inc. Travis Laster granted a proposed order paving the way for Altaba Inc. 20 per share of the Fund’s common stock, par va It eventually became Altaba and in 2020 the stock was liquidated in a "cash liquidation distribution. Leblang, Michael Detailed instructions for calculating tax basis and accurately reporting the multi-stage Altaba corporate liquidation on federal tax returns. On April 2, 2019, the Fund’s Board of Directors approved the liquidation and dissolution of the Fund pursuant to a Plan of Complete Liquidation and Dissolution, which was approved by stockholders on June 27, 2019. mdst, qwqt, w3esm, kdmjes, 7buj, vr8vh, xdbygw, jyzi, eqk7, rtxild,