Tax Basis Worksheet

Please be aware that the information contained herein is general in nature and should not be construed to be legal, business, or tax advice.  You should consult your personal tax advisor as to the particular tax consequences of each transaction highlighted here, including the applicability and effect of any state, local, and foreign tax laws.

Tax Basis Update New Comcast and  AT & T Broadband Merger

AT&T Corp received a ruling from the IRS to the effect that the spin-off of AT & T Broadband will be tax free to the AT&T shareholders.  Since all shares of the AT&T Broadband stock were converted to Comcast Corp, the tax basis of the new Comcast stock (via AT & T) should be allocated as follows (based on cost basis paid for AT&T stock):

                AT & T Corp                                                    37.4 %

For detailed information please go to Investor Relations on the Comcast Corp. A Website Investor Relations.
www.comcast.com/