Carrier Global Corporation When Issued (CARR.W)

Carrier Global Corporation When Issued (CARR.W)
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Raytheon Technologies (UTX)
- P/E (TTM): 13.4X
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Otis Worldwide Corporation When Issued (OTIS $44.00)
- $44.00 P/E (TTM): 26.58X
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Carrier Global Corporation When Issued (CARR.W)
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RTX Corporation (RTX $198.66)
- $198.66 P/E (TTM): 40.4X Cap: $262.75B
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Q: My question is what is the new cost base for UTX, now RTX?
I held UTX and then it spun off Carrier and Otis. With these spin offs, I thought my cost base would be reduced for the spin off values for Carrier and Otis. But itrade and also Globe & Mail still show the original UTX cost base.
I read that the spinoff and merger where to a non-taxable events.....or that's I took it.
Any information you can provide me to clarify this situation......Thanks.....Tom

Read Answer Asked by Tom on April 28, 2020