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Is OPL a right off now?
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<blockquote data-quote="Anon1" data-source="post: 298887"><p>When we bought 4 shares of UPS stock, we were not "given" OPL, it was part of the cost. My cost for the first shares was $9.88 in Nov of '95. The highest I paid was $19.84 in May of '99. My overall cost per share is $12.12. In 2003, we were paid a capital distribution of $2.00. In 2004, $4.50. In 2005, $2.00. In 2006, $1.40 and in 2007 $0.545 for a total capital distribution of $10.445. Right now, I have a loss of $12.12 minus $10.445 or $1.675 per share. I wish I had taken a loss early on and made a recovery every year of my taxes for the capital distribution. I am going to declare the loss this year, and keep all the paperwork in case of an audit. I am not sure that this is the correct way to handle this but at this point it makes the most sense to me.</p></blockquote><p></p>
[QUOTE="Anon1, post: 298887"] When we bought 4 shares of UPS stock, we were not "given" OPL, it was part of the cost. My cost for the first shares was $9.88 in Nov of '95. The highest I paid was $19.84 in May of '99. My overall cost per share is $12.12. In 2003, we were paid a capital distribution of $2.00. In 2004, $4.50. In 2005, $2.00. In 2006, $1.40 and in 2007 $0.545 for a total capital distribution of $10.445. Right now, I have a loss of $12.12 minus $10.445 or $1.675 per share. I wish I had taken a loss early on and made a recovery every year of my taxes for the capital distribution. I am going to declare the loss this year, and keep all the paperwork in case of an audit. I am not sure that this is the correct way to handle this but at this point it makes the most sense to me. [/QUOTE]
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Is OPL a right off now?
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