Clearwater Paper Corporation was distributed to holders of Potlatch Corporation in a tax-free spinoff on December 16, 2008. One share of Clearwater (CWP) was received for every 3.5 shares of Potlatch (PCH).
The allocation of your original basis in Potlatch to account for this distribution is as follows: Potlatch 85.5278% Clearwater 14.4722%
Use our handy spinoff calculator to compute your new cost basis and the gain or loss on any "cash in lieu" of fractional shares payment. Just click on the image of the spinner to the right and then select "Clearwater Paper" from the drop-down menu. Many fields will be pre-filled for you. Simply add your own cost basis information for Potlatch.
Information provided is intended solely for cash-basis U.S. citizen individual taxpayers and is believed to be accurate for most cases but is not guaranteed. Always consult your personal tax advisor about your own situation. Suggestions are most welcome. Please email our webmaster @ costbasis.com with your comments. If this website has been helpful to you, please consider making a donation to support our efforts.