Morgan STanley/Discover stock

[oceanlovin'ea]

Did anyone have to deal with a client who had received 1 share of Discover stock for every 2 shares of Morgan Stanley stock they owned.

There was a form called "Information statement pursuant to treasury regulations section 1.355-5T(b) by a significant distributee". This form is supposed to be signed by the stockholder and attached to their 2007 tax return.

If we are electronically filing the return, can we just attach this form to the 8879 and keep in our file? Or do you think we are supposed to mail it in to the IRS?

Anyone know??

Linda F

[Nashville]

Form 8453

I don't know what to do with these "attach a written statement" when there is no provision for electronic filing either.

If it is something that HAS to be mailed in, your software will generate the "new" form 8453.

[oceanlovin'ea]

Attached statement

I decided to attach a statement with the return and listed name of the form and that the client had signed and was attached to my 8879.

I'll probably call Practioner Priority line tomorrow and ask for sure what to do.

Linda F