Corporate Action Altaba Announces Liquidating Distribution, Payable on September 1, 2021, Altaba Inc. 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 ( News - Alert ) as sch information becomes available. Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. Visit www.altaba.com for more information. These statements are not statements of historical facts and do not reflect historical information. Altaba Announces Liquidating Distribution of $0.96 Per Share . The Liquidating Distribution represents a partial distribution of the remaining assets of the Fund. The forward-looking statements included in this document are made only as of the date hereof. How do I calculate our cost basis for YHOO shares purchased as part of an ESPP? WebAltaba Announces Liquidating Distribution of $8.33 Per Share . Gift this article. check the 1099-B to make sure that's not already reported there. Inc., is a non-diversified, closed-end management investment company. You need to report the 1099-DIV where you report dividend income in TurboTax. Does anyone know of a website or other tool that would list historical data for this? Without limiting the foregoing, words or phrases such as "will likely result," "are expected to," "will continue," "anticipate," "estimate," "project," "believe," "intend" or similar expressions are intended to identify forward-looking statements. Altaba, the Former Yahoo, Is Making a $3.9 Billion Distribution to Holders, CPPIB is staying in the market, buying equities when equities are selling off, Home prices down 6.6% from last year as sales continue to slump, Series I bond interest expected to fall to roughly 6.48% in November, Site Visit: New discoveries at historic DeLamar gold-silver property in Idaho, Should I take Social Security at 62 or wait? sold its core online businesstoVerizon Communications(VZ) in June 2017 and changed its name to Altaba, a reference to what was then its largest asset, a valuable 15% holding inAlibaba Group Holding(BABA), the Chinese e-commerce giant. Announces Executive Changes 2021. In general, distributions made pursuant to the Plan of Complete Liquidation and Dissolution, including the pre-dissolution liquidating distribution, will be treated for The Liquidating Distribution represents a partial distribution of the remaining assets of the Fund. View source version on businesswire.com: https://www.businesswire.com/news/home/20230209005631/en/, https://www.businesswire.com/news/home/20230209005631/en/, UPDATE 1-Reliance to invest $122 mln in Brookfield JV for data center projects in India. Altaba Inc. Altaba WebThis is a different type of distribution from regular return of capital payments that come from dividends paid in excess of accumulated earnings and profits of the corporation. Discover our Free Content to Help You Better Understand the Stock Market. altaba cash distribution - Intuit Accountants Community 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 Entering payments received from Altaba (AABA) - ICLUB Hand off your taxes, get expert help, or do it yourself. Altaba The Liquidating Distribution represents a partial distribution of the remaining assets of the Fund. This was a Partial Distribution from AABA - the balance is in escrow to be paid this year or next (don't recall). The Fund's external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC. 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On May 28, 2020, as part of the Funds court-supervised wind-up proceedings pursuant to Sections 280 and 281(a) of the General Corporation Law of the State of Delaware (the DGCL) pending before the Court of Chancery of the State of Delaware (the Chancery Court), the Fund filed a verified petition for determinations pursuant to Section 280 of the DGCL. How do I enter in the $300 profit I made so far: 10 shares x $30 ($50-$20). 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 dissolved on October 4, 2019. For a general summary of certain material U.S. federal income tax consequences of the Plan of Complete Liquidation and Dissolution, including a more detailed description of the U.S. federal income tax consequences of liquidating distributions to U.S. stockholders, please see Altabas proxy statement dated May 17, 2019 under Proposal No. This was a Partial Distribution from AABA - the balance is in escrow to be paid in 2020 or 2021 (don't recall). 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 Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. I still own the stock and there maybe another cash distribution in 2021. 1: Approval of the Plan of Liquidation and Dissolution Material U.S. Federal Income Tax Consequences of Liquidation and Dissolution. That summary and the above discussion are for general information purposes only and are not tax advice. The Fund's external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC. Prior to June 16, 2017, Altaba was known as "Yahoo! NEW YORK--(BUSINESS WIRE)--Altaba Inc. (Altaba or the Fund) today announced that on July 23, 2021 the Board of Directors (the Board) of the Fund 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. I sure hope someone that "knows" answers your question as i'm stuck. There are 519.5 million shares outstanding. The Board declared the Liquidating Distribution following the IRSs response to the June Reduction Notice. CI Altaba Inc. Altaba Announces Liquidating Distribution of $8.33 Per A liquidating distribution received by a U.S. stockholder will first be applied against and reduce the stockholders adjusted tax basis in its Altaba common stock, before the stockholder recognizes any gain or loss. I imported from my brokerage but the amount on Line 9 doesn't seem to show up anywhere else in Turbo. EXPLAINER-Greece fires: Does travel insurance cover wildfires? Share this article. Cash Liquidation Distribution Altaba Announces Liquidating Distribution of $8.33 Per Share Altaba Inc. At the time, Altabas main asset was a 15% stake in Alibaba, some 384 million shares, which it obtained more than a decade earlier. Please review this Turbo Tax link for instructions on how to report a liquidating dividend. Altaba Announces Liquidating Distribution of $0.75 Per Share Altaba Hypothetically, say I had 10 shares at a cost basis of $20, and was given $50 for the partial liquidationso far. At the end of March 2021, Altabas net assets stood at about $8 billion, nearly all of that in short-term Treasuries. Box 9 on 1099-Div shows Cash liquidation for AABA. Altaba is an independent, non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. 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 Todd Boehly-backed insurer Accelerant mulls IPO, stake sale, CEO says, Spotify reveals price hikes ahead of earnings as investors eye improved profitability, GLOBAL MARKETS-Global shares, U.S. yields, rise as investors eye rate decisions, earnings. 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). The Fund, together with the DOJ, filed with the District of Delaware a Joint Motion Regarding Claims Raised by Claimant the Internal Revenue Service, following which the District of Delaware entered an order on October 26, 2020 (the "Order") establishing a separate account in the Funds name with the purpose of holding an agreed upon amount as security for the claims asserted by the IRS (the "Agreed Security Amount"). Inc." Altaba was created from Yahoo! Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation (Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan. The Fund is organized as a Delaware corporation. Altaba Announces Liquidating Distribution of $0.68 Per Share . 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. to receive guidance from our tax experts and community. Altaba Discover our Free Content to Help You Better Understand the Stock Market. Proceeds from cash liquidation distributions are reported on Form 1099-DIV. A U.S. stockholder generally cannot recognize a loss on a liquidating distribution until the final liquidating distribution is made, and then only if the aggregate value of all liquidating distributions with respect to a share is less than the stockholders adjusted tax basis in the share. - If you find this reply helpful, Important information regarding your pre-dissolution To enter it in TurboTax you enter the 1099-B normally and select '. WebJustia US Law Case Law Delaware Case Law Delaware Court of Chancery Decisions 2022 In re Altaba, Inc. Altaba WebExhibit 99.1 . Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Altaba Inc. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Barrons reported in February that a remaining matter for Altaba to address was an audit of its tax returns by the Internal Revenue Service. I got a 1099-DIV form from my brokerages. here. 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. In general, distributions made pursuant to the Plan of Complete Liquidation and Dissolution, including the pre-dissolution liquidating distribution, will be treated for U.S. federal income tax purposes as a series of distributions in complete liquidation of Altaba in which amounts received by stockholders are treated as full payment in exchange for their shares of Altaba common stock. This copy is for your personal, non-commercial use only. WebExhibit 99.1 . 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. NEW YORK--(BUSINESS WIRE)--Sep. 6, 2019-- Altaba Inc. (Altaba or the Fund) (NASDAQ: AABA) today announced that, on September 5, 2019, the Board of Directors (the Board) of the Fund declared a pre-dissolution liquidating distribution of $51.50 in cash per share of its common stock, par value $0.001 per share (the Shares), 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). Altaba Announces the Liquidation Distribution of $ 7.48 per Share Altaba Finally Rewards Its Shareholders. But the Ultimate Payoff Further information regarding the risks, uncertainties and other factors that could cause actual results to differ from the results in these forward-looking statements are discussed under the section Risk Factors in the proxy statement we filed with the U.S. Securities and Exchange Commission (the SEC) on May 17, 2019, as supplemented on June 7, 2019, and the certified shareholder report of registered management investment companies we filed with the SEC on August 25, 2020. 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. Altaba Inc. The payment of $3.9 billion to Altaba holders follows a cash distribution of $8.33 a share in October 2020. 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 Altaba Inc. **Say "Thanks" by clicking the thumb icon in a post. 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 to dissolve the Fund on October 4, 2019. The amounts and sources of the post-dissolution liquidating distribution reported in this notice are estimates, are On May 28, 2020, as part of the Funds court-supervised wind-up proceedings pursuant to Sections 280 and 281(a) of the General Corporation Law of the State of Delaware (the "DGCL") pending before the Court of Chancery of the State of Delaware (the "Chancery Court"), the Fund filed a verified petition for determinations pursuant to Section 280 of the DGCL (the "Chancery Action"). Announces Liquidating Distribution, Payable on August 5, 2021, Verizon Reportedly Explores Sale of Media Assets, Including Parts of Yahoo and AOL, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2020, Altaba Inc. Approves Liquidating Distribution Payable on November 2, 2020, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2020, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2019, Japan wants to go cashless, but elderly aren't so keen. WebI have return of capital on 142 shares of ALTABA for $2400 reported on Form 1099 B included in the 'cost basis reported to irs' Form 8949, part II D, with cost basis showing as 0 showing the entire amount as gain. On May 28, 2020, as part of the Funds court-supervised wind-up proceedings pursuant to Sections 280 and 281(a) of the General Corporation Law of the State of Delaware (the "DGCL") pending before the Court of Chancery of the State of Delaware (the "Chancery Court"), the Fund filed a verified petition for determinations pursuant to Section 280 of the DGCL (the "Chancery Action"). 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. The Chancery Court entered the Interim Order with some modifications on October 19, 2020. There has been no quoted market in Altaba shares since the delisting. Altaba Announces Pre-Dissolution Liquidating Distribution of $51.50 NEW YORK-- ( BUSINESS WIRE )--Altaba Inc. (Altaba or the Fund) today announced that on August 19, 2021 the Board of Directors (the Board) of the Fund About Altaba Altaba is an independent, closed-end management investment company registered under the Investment Company Act of 1940. Announces Liquidating Distribution, Payable February 17, 2023, Altaba Inc. Reports Earnings Results for the Full Year Ended December 31, 2022, Altaba Inc. On October 23, 2020, the Board declared the Liquidating Distribution, which represents a distribution of substantially all of the Funds assets in excess of the aggregate security amount required to be retained by the Fund pending adjudication of any remaining disputed claims. 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. After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain. Altaba Announces Liquidating Distribution of $0.67 Per Share Altaba Inc., is a non-diversified, closed-end management investment company. Altaba stockholders approve liquidation My 1099-DIV has the following (non zero) numbers (123 and 1234 below are for illustrations only): Box 9 - cash liquidation distributions (1234.00). How would I get quicken to account for the original basis? Altaba Announces Liquidating Distribution of $0.24 Per Share . Altaba Announces Liquidating Distribution of $8.33 Per Share Tweet 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 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, the company said.
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