The company I originally worked for spun off a division and I now work for that "new" company. Before the spin-off I owned shares in the original company. As part of the spin-off I received the same number of shares of the new company as I originally had of the original parent company. I ended up owning the same number of shares in both now.
I held the shares for over 1 year and I have sold both batches of shares. How do I figure the cost basis and capital gains on the sales?
I had been buying shares of the original company for years (at $100 per month). I was hoping I don't just claim 15% of the total of the two sales and pay that?