Reply To: GE Wabtec Spinoff

Home Fairmark Forum Taxation of Investments GE Wabtec Spinoff Reply To: GE Wabtec Spinoff


My brokerage 1099 did show the Wabtec distribution as a taxable dividend. The dividend was 100% qualified.

I was not overly surprised but there was no indication earlier that the dividend was taxable.

The fractional shares that were sold were reported and resulted in a small short term capital loss. Basis was reported to the IRS.