The Fund's external investment advisors are BlackRock Advisors, LLC and Morgan Stanley Smith Barney LLC. AltabaInc. WebThese distributions are, at least in part, one form of a return of capital. How to enter 1099-DIV, Box 8 and Box 9 information in Altaba : Announces Stockholder Approval of Plan of Complete Liquidation and Dissolution. Altaba Announces Liquidating Distribution of $0.68 Per Share 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. Altaba is retaining funds to deal with disputed claims. 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 WebExhibit 99.1 . Altaba Announces Liquidating Distribution of $0.75 Per Share . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. NEW YORK, February 09, 2023--(BUSINESS WIRE)--Altaba Inc. ("Altaba" or the "Fund") today announced that the Board approved a liquidating distribution of $0.96 per share of the Funds 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. No action is required on your part. Where do I report the deduction? 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 should have been reported to you on a Form 1099-B by the broker where you held the stock. Altaba Enterprising Investor. Altaba Announces Liquidating Distribution, Payable on July 29, 2022, Yahoo Announces 6 New Members to Board of Directors, Altaba Inc. This page (NASDAQ:AABA) was last updated on 7/19/2023 by MarketBeat.com Staff. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. I'm in the same situation. 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. We curate the most relevant news from across Canada and the United States so you don't have to. The statements Ive gotten had instructions for reporting included right on it.the amounts were so piddly (under $20), it wouldn't make a different anyhow. Altaba After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain. If you owned shares of Altaba (AABA) you would have received a liquidating distribution. 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. Inc. reorganized as an investment company, was renamed Altaba Inc., and began trading under the Nasdaq ticker symbol AABA. When a corporation liquidates its assets in part or in entirety, the corporation may issue liquidating distributions, also known as liquidating dividends, to its stockholders. Press Releases Announces Liquidating Distribution, Payable on September 1, 2021 2021. 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. 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"). 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. How to handle altabba(AABA) cash distribution in turbo tax? 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. WebNovember 2020. Altaba Announces Pre-Dissolution Liquidating Distribution of $51.50 Per Share. The March 31 NAV was $15.43 a share. Altaba wasnt immediately available for comment. 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 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. All I know is that I bought YHOO (Yahoo) in late 1999 and early 2000. The rest of them contains 0.00. You can report a capital loss only after you have received the final distribution in liquidation that results in the redemption or cancellation of the stock. 2019. 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). Announces Liquidating Distribution, Payable February 17, 2023. The Fund does not undertake any obligation to update or supplement such forward-looking statements to reflect events or circumstances after the date hereof, except as required by law. Ask questions and learn more about your taxes and finances. https://ttlc.intuit.com/community/taxes/discussion/1099-div-box-9-how-to-report/00/134868, How do I handle altabba (AABA) cash distribution in turbo tax. You may start a new discussion
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 Altaba Announces Liquidating Distribution of $0.68 Per This should have been reported to you on a Form 1099-B by the broker where you held the stock. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. Copyright 2023 Surperformance. If it is not a sale, why are you reporting it? 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 If you owned shares of Altaba (AABA) you would have received a liquidating distribution. Altaba's mailing address is 701 FIRST AVENUE, SUNNYVALE CA, 94089. The Board declared the Liquidating Distribution following the Chancery Court's entry of the Partial Final Order. Section 9. The Board declared the Liquidating Distribution following the IRSs response to the June Reduction Notice. Altaba - Final Liquidation? Quicken Further information regarding the amount and timing of The amount I received in Box 9 was more than my cost basis so I believe this is a capital gain. About Altaba I sure hope someone that "knows" answers your question as i'm stuck. NEW YORK-- ( BUSINESS WIRE )--Altaba Inc. (Altaba or the Fund) today announced that on Thursday, January 5, 2023, the Board approved a liquidating Altaba Announces Liquidating Distribution of $8.33 Per Share IRC 331 requires a separate gain or loss computation at the shareholder level upon distribution of the assets and liabilities from the S corporation. Did the information on this page answer your question? 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 How would I get quicken to account for the original basis? 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. I just got the Altaba liquidation distribution ($8.33/share). Altaba Inc. Altaba Announces Liquidating Distribution of $0.96 Per Share . View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005548/en/, MORNING BID EUROPE-Markets bide time as policymakers plot next moves, HONG KONG'S HANG SENG MAINLAND PROPERTIES INDEX DOWN ROUGHLY 5.5, China, Hong Kong stocks end lower despite steps unveiled to spur investment, TESLA : UBS revises his opinion and turns to Neutral, Spanish stocks drag European equities lower on election results uncertainty, Philips lifts outlook after profit beat, voices concern over China, Wall Street heavyweights mixed ahead of Nasdaq 100 rebalance, China stimulus impatience keeps lid on sentiment, U.S. business activity growth slows as services soften, BASF IN FOCUS: China's sluggish recovery also weighs heavily on demand. Altaba 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 I know my cost basis from when I bought the stock (ESPP), so how and where do I enter in the profit I made? Cost/Basis: Enter the original cost or basis of the liquidating distributions. Altaba and the IRS agreed that Altaba would hold back about $1.7 billion for potential tax liability subject to agreed-upon mechanisms for the release of this security as portions of the IRS claims are resolved over time, according to the annual report. I am also figuring out how to handle the AABA cash liquidation scenario. About Altaba. Announces Liquidating Distribution, Payable on December 30, 2021, Altaba Inc. Reports Earnings Results for the Half Year Ended June 30, 2021, Altaba Inc. The Funds At the time, Altabas main asset was a 15% stake in Alibaba, some 384 million shares, which it obtained more than a decade earlier. WebExhibit 99.1 . 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 About Altaba Altaba is an independent, closed-end management investment company registered under the Investment Company Act of 1940. Do I pay the taxes now? The Fund does not undertake any obligation to update or supplement such forward-looking statements to reflect events or circumstances after the date hereof, except as required by law. WebJustia US Law Case Law Delaware Case Law Delaware Court of Chancery Decisions 2022 In re Altaba, Inc. The continuing wind-down of Altaba is part of a complex story that began when Yahoo!