Many AT&T holders who choose to sell shares of Warner Bros. Discovery following the spinoff Friday will be able to get a favorable tax treatment for any transactions, although the precise rules can be complicated.
The good news is that while AT&T (ticker: T) holders received the Warner Bros. Discovery (WBD) stock on Friday, their holding period for tax purposes is the date of the purchase of the AT&T stock, according to New York tax expert Robert Willens.
This…