What is the cost basis of altrias spinoff?

The cost basis of Altria's spinoff can be determined by allocating the original cost basis of Altria shares between the parent company and the new spinoff company. Typically, this allocation is based on the relative fair market values of both entities at the time of the spinoff. Investors usually receive specific instructions from Altria regarding how to calculate their cost basis for tax purposes, which may include guidance on the percentage split of the original investment. It's advisable for shareholders to consult tax professionals or financial advisors for precise calculations tailored to their circumstances.