When did I receive shares of Prudential stock?

In Jan 2009, the shares were sold. We were told that IRS … read more In 2003, I received shares of stock as a result of demutulization of a life insurance company. They were preferred shares and the company had the right to redeem the shares. On 12/31/09 the company ca … read more

When did I exercise my Prudential stock option?

Suppose I was granted a stock option in 1991. The option is Suppose I was granted a stock option in 1991. The option is for 100 shares at $10 per share. The stock goes to $50 in early 1996 and I exercise my shares. My cost is $1000 for stocks with a market val … read more

Is the cost basis of Prudential common stock zero?

We sold shares of Prudential common stock which was classified as part of a demutualization process. Is the cost basis zero and must we report the … read more Its a long question.

When did we receive stocks in Principal Financial Group?

Several years ago, we were given stocks in Principal Financial Group when Principal Mutual … read more Good Morning, I am working on my taxes and have a few questions I was hoping someone could help me answer. 1) My husband and I have one … read more Vocational, Technical or Tra…

When is Prudential Financial going to start paying dividends?

Dividends are only paid on shares of Prudential Financial, Inc. Common Stock if declared by the Board of Directors. For the years 2002 through 2012, the Board declared an annual dividend on its Common Stock. On November 7, 2012, Prudential announced the move to a quarterly Common Stock dividend schedule beginning in the first quarter of 2013.

How are shares of Prudential Financial demutualized?

In general, most registered shareholders received their shares through Prudential’s demutualization. Prudential received a Private Letter Ruling from the IRS indicating that the cost basis of shares received through a demutualization is zero.