How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 585
Experience:  10 years experience
Type Your Tax Question Here...
Wallstreet Esq. is online now
A new question is answered every 9 seconds

I am trying to determine my cost basis are now Disney

Customer Question

Customer: I am trying to determine my cost basis for what are now Disney shares. I received Pixar shares from my mother's estate, valued at $14.56 per share on her date of death back in 2/17/1997. I held those shares, and subsequently received Disney shares when they purchased Pixar. What would cost of each share of Disney now be, taking into account my purchase date?
JA: Thanks. Can you give me any more details about your issue?
Customer: Just wrote you those details.
JA: OK got it. Last thing — JustAnswer charges a fee (generally around $32) to post your type of question to Tax Experts (you only pay if satisfied). There are a couple customers ahead of you. Are you willing to wait a bit?
Customer: Yes
JA: OK. Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 1 year ago.
Category: Tax
Expert:  Angie replied 1 year ago.

I've done a little research on this for you. According to this article from CNN, Disney issued 2.3 shares of Disney Stock for each share of Pixar stock owned by shareholders. The fact the Disney bought out Pixar does not affect your basis in the stock. Your basis is the value of the stock as of the date of your mother's death, which you mentioned was $14.56. Therefore, your basis is 14.56 for each 2.3 shares of Disney stock that you sold.

I hope this helps shed some light on this for you. Should you need additional information,please feel free to reply.