How do I determine the cost basis on the shares of stock (SPEB) and bonds due 2019 that I received upon the company’s emergence from Chapter 11?
As noted in our Disclosure Statement, the United States federal income tax consequences arising from the Plan to holders of the Spectrum Notes will vary depending upon, among other things, whether such Spectrum Notes and New Notes constitute “securities” for United States federal income tax purposes. Each holder of Spectrum Notes is urged to consult his or her own tax advisor regarding the status of its Spectrum Notes and New Notes. If such Spectrum Notes and New Notes constitute “securities” for United States federal income tax purposes, the holder’s adjusted tax basis in its Spectrum Notes should be allocated among the New Notes and New Common Stock (other than the New Notes and New Common Stock received with respect to accrued interest not previously included in income) based on the relative fair market values thereof. The holding period for the New Notes and New Common Stock (other than the New Notes and New Common Stock received with respect to accrued interest not previously incl
