Replies to post #113057 on Rivulet Media Inc (fka RIVU)

[gotinearly]

Only when it is sold and you will have to allocate some BMSN basis to it. I believe it falls under the section 351 tax free spin-off rules

[trazbull]

not so....it has no value on divvy date and is a function of a corporate reorg, so it will not be taxable as a divvy....you will have cap gains tax on it when sold with 100% of the proceeds being cap gains....

however, consult your own tax advisor!