How to Handle a Spin Off

[Main Street Stock Investor]

This week Kimberly Clark (KMB) spun off Halyard Health. I typically sell any spin off immediately and credit my accounting sheets with the resutlant profit from the sale. I account for the proceeds from the spin off sale as income, just like dividend income, trading income, or option income for that particular position.

I would be interested to learn how other investors treat a spin off.