Dear ole 3J, bless his heart, has questioned the spin-off share cost basis of a stock in my public portfolio that is listed on my website. The stock in question is EBAY and it's spinoff, PYPL (Paypal).
EBAY had a stock spin-off of it's paypal company into a separate company listed now on the stock exchange as PYPL. The spin-off was 1 for 1. For each share of EBAY, the holder received one share of PYPL.
To determine the cost basis and hence the beginning share value (purc…
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