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Investors' Roundtable / Stock Splits
|Subject: Stock split and taxes||Date: 1/22/2002 5:56 PM|
|Author: buggydave||Number: 927 of 942|
I hope this is a very easy question for someone.
When I was in college, I purchased one share of Dell (big time for college). It split and I purchased another share (total of two purchases and three shares). In December, I sold all three shares.
My question is: how does the split affect my taxes? I sold for less than I paid (remember, this was a college lesson) if that makes a difference.
I am going to try to prepare my own taxes, with the help of turbo tax, so I am hoping there is a real easy formula for this.
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