RE:RE:Is this a mixup or for real?As near as I can tell, it WILL be taxable the way they performed the spinoff. However, like Mustang80 says, I don't think you actually pay unless you sold them.
The other thing I'm not overly clear on is that in some instances, depending on how the spinoff is structured it can be viewed as a dividend, which IS taxable....it's all very muddy.