Help with Exelon Corp spinoff of Constellation Energy

Reporting & tax
1

How do i deal with the spinoff of Constellation Energy from Exelon Corp?

2

Hi @jhosk122 welcome to the community! :wave:

So it looks like EXC holders receive 1 CEG stock for every 3 units of EXC that they hold. So all you’ll need to do is manually enter an opening balance trade for CEG for the units you received.

3

Thank you. What about the cost bases? Do I reduce my pre-spinoff costbase for EXC by 1/4, which becomes the cost base of CEG?

4

Does your cost base need to reduce?