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DewDiligence

06/02/14 10:56 PM

#178753 RE: jq1234 #178744

Brain cramp! I was trying to flag that this spinoff is atypical with respect to taxes. (Typical spin-off is non-taxable.)
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biomaven0

06/03/14 3:52 PM

#178780 RE: jq1234 #178744

>>extent of your ratable share of any current and accumulated earnings and profits of Theravance,

I suspect Theravance has little or no accumulated E&P, which would make it a non-taxable return of capital.

Peter