altaba liquidating distributions

Altaba Inc. announced that on July 23, 2021 the Board of Directors (the "Board") of the Fund approved a liquidating distribution of $7.48 per share of the Fund's common stock, par value $0.001 per share, or $3,885,945,017.68 in the aggregate (the "Liquidating Distribution"), which will be payable on August 5, 2021. In addition at the bottom in the section 'LIQUIDATION DISTRIBUTION'. Altaba Inc. announced that the Board approved a liquidating distribution of $0.96 per share of the Fund's common stock, par value $0.001 per share, or $498,730,911 in the aggregate (the Liquidating Distribution), which will be payable on February 17, 2023. The fund said Monday that it would distribute $7.48 a share in cash to its shareholders in early August, after getting the green light from the Court of Chancery in Delaware, which is overseeing its liquidation. Sections 1-8, and 10-15 is all 0.00. Altaba Announces Liquidating Distribution of $1.43 Per Share (7/21/22) Enterprising Investor. No action is required on your part. If the total liquidating distributions you receive are less than the basis of your stock, you may have a capital loss. These statements are not statements of historical facts and do not reflect historical information. The liquidation of Altaba, the former Yahoo, is still going on. Altaba Inc. (Altaba or the Fund) today announced that on October 23, 2020 the Board of Directors (the Board) of the Fund approved a liquidating distribution of $8.33 per share of the Funds common stock, par value $0.001 per share, or $4,327,529,678.78 in the aggregate (the Liquidating Distribution), which will be paid on November 2, 2020 to stockholders of record as of the October 4, 2019 date of dissolution of the Fund (or, as applicable, their permitted transferees by bequest, intestacy or operation of law). here. This was not a stock sale; It was a cash liquidation distribution and was reported on a 1099-DIV. Copyright 2023 Surperformance. Our engineers are working quickly to resolve the issue. Cash Liquidation Distributions, is the total amount of cash I received as part of the partial liquidation. Altaba Inc. (the Fund), formerly Yahoo! WebNovember 2020. Inc. reorganized as an investment company, was renamed Altaba Inc., and began trading under the Nasdaq ticker symbol AABA. Announces Executive Changes 2021. Announces Liquidating Distribution, Payable February 17, 2023. Where do I report the deduction? Altaba Inc. announced that on July 20, 2022, after the close of business, the Board approved a liquidating distribution of $1.43 per share of the Fund's common stock, par value $0.001 per share, or | May 31, 2023 To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. 1: Approval of the Plan of Liquidation and I was on hold with etrade's corporate action group today but had to give up on waiting for them to pick up. As previously announced, at a special meeting of stockholders held on June 27, 2019, stockholders of the Fund approved a Plan of Complete Liquidation and Dissolution (the Plan), pursuant to which the Fund filed a certificate of dissolution with the Secretary of State of the State of Delaware and Sign In. WebAltaba Inc. CUSIP 021346101 Estimated Net Investment Income1 Estimated Net Realized Gains1 Total Pre-Dissolution Liquidating Distribution per Common Share $ 0.29 $51.21 EXPLAINER-Greece fires: Does travel insurance cover wildfires? IRS conveniently dodges this issue, as far as I can tell. You need to report the 1099-DIV where you report dividend income in TurboTax. The 1099-DIV cash distribution needs to be reduced by the amount I paid for the stock. The Funds assets This copy is for your personal, non-commercial use only. Announces Liquidating Distribution, Payable on January 13, 2023, Verizon Partners with Reset Digital and Yahoo to Drive Diverse Media Outcomes, Yahoo Promotes Sebastian Graham to Director of Native APAC, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2022, Altaba Inc. WebSales Price: Enter the total sales price of the liquidating distributions. Altaba is an independent, non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. BTCS, Inc. (BTCS) distribution of Series V preferred stock at 1-for-1. If you owned shares of Altaba (AABA) you would have received a liquidating distribution. FWIW, I also did not receive a 1099-B since this wasn't a "sale" per se, but it sounds like TurboTax is guiding me to enter it as such. Get ready for next The forward-looking statements included in this document are made only as of the date hereof. Altaba has no ticker symbol. The Liquidating Distribution represents a partial distribution of the remaining assets of the Fund. This document contains forward-looking statements concerning the Funds liquidation and dissolution pursuant to the Plan. WebLiquidating distributions from distributable earnings (Note 11) (514,316) (4,514,554) Altaba Inc. (Altaba or the Fund) is an independent non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 (the 1940 Act). I sure hope someone that "knows" answers your question as i'm stuck. Announces Liquidating Distribution, Payable on March 15, 2022, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2021, Altaba Inc. Altaba made a big distribution to its shareholders Monday under its liquidation plan. The Fund expects that the ex-dividend date for such distribution will be September 24, 2019, the day after the payment date for the Pre-Dissolution Liquidating Distribution. Inc. after the sale of its operating businesses, at which time Yahoo! During the second quarter of 2022, the IRS approved a reduction to the Agreed Security Amount of approximately $11 million that allowed the Fund to make a distribution of such amount after October 2022. Further information regarding the amount and timing of any subsequent liquidating distributions to stockholders will be provided in subsequent press releases or filings with the SEC as such information becomes available. -. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. Announces Liquidating Distribution, Payable on June 7, 2022, Altaba Inc. Ignore it? Enterprising Investor. My 1099-DIV has the following (non zero) numbers (123 and 1234 below are for illustrations only): Box 9 - cash liquidation distributions (1234.00). NEW YORK, July 21, 2022--Altaba Inc. ("Altaba" or the "Fund") today announced that on Wednesday, July 20, 2022, after the close of business, the Board approved a liquidating distribution of $1.43 per share of the Funds common stock, par value $0.001 per share, or $742,901,253 in the aggregate (the "Liquidating Distribution"), which will be If that is correct, what do I do with Box 9 (cash liquidation distributions) numbers? About Altaba WebLiquidating distributions from distributable earnings (Note 11) (4,514,554) (4,327,530) Altaba Inc. (Altaba or the Fund) is an independent non-diversified, closed-end management investment company registered under the Investment Company Act of 1940 (the 1940 Act). These statements are not statements of historical facts and do not reflect historical information. It would be reported the same as a stock sale. Altaba wasnt immediately available for comment. - If you find this reply helpful, Altaba is an independent, non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. As previously announced, at a special meeting of stockholders held on June 27, 2019, stockholders of the Fund approved a Plan of Complete Liquidation and Dissolution (the Plan), pursuant to which, the Fund filed a certificate of dissolution with the Secretary of State of the State of Heres why, Heres a sample budget for someone making $35,000 per year, Jamie Dimon says expect other surprises from choppy markets after U.K. pensions nearly imploded, Fed Begins to Split on the Need for Speed to Peak Rates, Monkeypox eradication unlikely in the U.S. as virus could spread indefinitely, CDC says. Such risks and uncertainties relate to, among other things: the availability, timing and amount of liquidating distributions; the amounts that will need to be set aside by the Fund; the adequacy of such reserves to satisfy the Funds obligations; the ability of the Fund to favorably resolve certain potential tax claims, litigation matters and other unresolved contingent liabilities of the Fund; the application of, and any changes in, applicable tax laws, regulations, administrative practices, principles and interpretations; and the incurrence by the Fund of expenses relating to the liquidation and dissolution. The Chancery Court entered the Interim Order with some modifications on October 19, 2020. The Funds assets After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. 2023-01-05: EX-99.1 from 8-K: Altaba Announces Liquidating Distribution of $0.68 Per Share. We've detected you are on Internet Explorer. Inc., is a non-diversified, closed-end management investment company. These statements are not statements of historical facts and do not reflect historical information. Copied. An expert does your return, start to finish, Explore tax tools, get tips, and read reviews. By: Altaba Inc. via Business Wire. Shares will not be exchange-listed, further information HERE. The Funds assets primarily consist of a mix of cash and cash equivalents. I also searched for a more updated publication (for tax year 2019) but didn't find any. I don't know if the above publication is the answer. Further information regarding the amount and timing of any subsequent liquidating distributions to stockholders will be provided in subsequent press releases or filings with the SEC as such information becomes available. Announces Liquidating Distribution, Payable on September 1, 2021 2021. There has been no quoted market in Altaba shares since the delisting. Announces Liquidating Distribution, Payable on March 15, 2022, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2021, Altaba Inc. For the best Barrons.com experience, please update to a modern browser. Announces Liquidating Distribution, Payable on March 15, 2022, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2021, Altaba Inc. On Tuesday, however, shares of Alibaba shares were down 1.6%, at $226.76. Altaba Expected to Make Another Big Shareholder Payout Under Its Liquidation Plan By Andrew Bary Feb. 10, 2021 11:42 am ET Order Reprints Print Article Publication 550 (2018), Investment Income and Expenses (Including Capital Gains and Losses). This was a Partial Distribution from AABA - the balance is in escrow to be paid this year or next (don't recall). This should have been reported to you on a Form 1099-B by the broker where you held the stock. Announces Liquidating Distribution, Payable on December 30, 2021, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2021, Altaba Inc. Announces Liquidating Distribution, Payable February 17, 2023, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2022, Altaba Inc. No action is required on your part. Altaba Inc. The taxpayer is trusted to keep a running total of these and reduce basis when the stock is sold. Box 9 on 1099-Div shows Cash liquidation for AABA. NEW YORK-- ( BUSINESS WIRE )--Altaba Inc. (Altaba or the Fund) today announced that on Thursday, January 5, 2023, the Board approved a liquidating How would I get quicken to account for the original basis? Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Altaba can make no assurances as to the tax consequences of distributions made pursuant to the Plan of Complete Liquidation and Dissolution. 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Further information regarding the amount and timing of any subsequent liquidating distributions to stockholders will be provided in subsequent press releases or filings with the SEC as such information becomes available. If a U.S. stockholder holds different blocks of Altaba common stock (generally as a result of having acquired shares at different times or at different prices), gain or loss is calculated separately with respect to each such block. Inc., is a non-diversified, closed-end management investment company. The Liquidating Distribution represents a partial distribution of the remaining assets of the Fund. Quicken assumes the amount of the CGLongX is 100% gain. In addition to the Alibaba Shares and the Yahoo Japan Shares, the Fund also owns the minority investments, all of the equity interests in Excalibur IP, LLC (which owns the Excalibur IP Assets) and the marketable debt securities portfolio. Altaba is an independent, closed-end management investment company registered under the Investment Company Act of 1940. Altaba Inc. announced that the Board approved a liquidating distribution of $0.96 per share of the Fund's common stock, par value $0.001 per share, or $498,730,911 Announces Liquidating Distribution, Payable on December 30, 2021, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2021, Altaba Inc. Any liquidating distribution you receive is not taxable to you until you recover the basis of your stock. Further information regarding the amount and timing of any subsequent liquidating distributions to stockholders will be provided in subsequent press releases or filings with the SEC as such information becomes available. Altaba Announces Liquidating Distribution of $0.96 Per Share . Announces Liquidating Distribution, Payable on December 30, 2021, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2021, Altaba Inc. Because the Fund is an investment company, the forward-looking statements and projections in this press release are excluded from the safe harbor protection provided by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any gain or loss recognized by a U.S. stockholder will be capital gain or loss provided the stockholder holds its Altaba common stock as a capital asset. I just got the Altaba liquidation distribution ($8.33/share). Forward-looking statements are subject to numerous risks and uncertainties and actual results may differ materially from those statements.
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