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Micro Focus (MFGP) US stock issues: Micro Focus Stock Cash payouts and sale to OpenText.

2. Basic stock issues for former and current HP and HPE employees.

Part of HPAA's Stock Recovery and Cost Basis Process: Operated by volunteers. Not officially endorsed or supported. Begin here: Employee Stock

Question? Email: info@hpalumni.org  (Mar 23, 2024)

You may now have stock in HP, HPE, Agilent, Keysight, or DXC in various accounts – and may have missed cash payouts. Due to spinoffs and splits, current cost basis depends on when you acquired each block of shares.

What is reported to the IRS. Members have found that brokerages, plan administrators, and transfer agents vary (sometimes dramatically) in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS. Issues with major brokers

FWIW, as of Mar 2, 2024, no member has indicated -- privately or on the HPAA forums -- that their return has been questioned by the IRS due to how they reported the many extremely complex HP/HPE-related stock transactions. Save the documents and spreadsheets you used.

Inherited stock, unlike gifted securities, is not valued at its original cost basis. When an individual inherits a stock, its cost basis is stepped up to the value of the security at the date of the inheritance.

Donating stock. "If you are planning donations to charity anyway, you may be able to avoid having to figure out the basis for stocks by just donating the stock. Check with an accountant or tax advisor for details or possible pitfalls. Saved me a lot of grief." --HPAA member

If a stock dividend check is not cashed -- and there are no other transactions that were initiated by you on the stock account -- by law, the "unclaimed" timer generally starts. Companies are required to turn over unclaimed property to the state after a specific time period, as little as two years in some states. 

Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter


If you have stock records or paper stock certificates from:  Agilent (A)    Autonomy (AUTNF)    Compaq (CPQ)    DEC (DEC)    DXC (DXC)    EDS (EDS)    Hewlett-Packard/HP Inc (HWP, HPQ)    Hewlett Packard Enterprise (HPE)    Keysight (KEYS)    Micro Focus (MFGP)    Perspecta (PRSP)    Poly/Plantronics (POLY)    Tandem (TDM)    Other Predecessor Companies


Next step:  Step 2a. Spinoff Shares and Cash

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