How can I determine the tax cost basis of my Morgan Stanley common stock if I received my shares as part of the Sears spin-off in 1993?
Please call Mellon Investor Services at 1-800-622-2393 for assistance in calculating the cost basis for Morgan Stanley and Sears stock. The Morgan Stanley/Dean Witter merger is tax-free to both Discover and Morgan Stanley shareholders for Federal Income Tax purposes. However, former Morgan Stanley shareholders may have to pay taxes on any cash received for fractional shares and may have to pay taxes as a result of the payment of certain transfer taxes paid by the Company.
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