How to handle DTE Energy spinoff of DT Midstream cost basis

rayrol

Have talked to Schwab and they have not all the information. I have multiple lots and know the cost basis % for DTE energy at 84.5987 and DT midstream at 15.4013. Any help is appreciated.

Pbar Man

We have 2 things that we have to get right. First Change the cost basis for each lot of DTE so they are correct after the spin off. Then we need to add shares of DTM with the correct cost basis for each lot of DTE that they were spun off from. I’m enclosing 2 PDF showing 3 different lots and how I did it.
Take a look and see if it works for you.