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I own some HWP stock. It did a 2 for 1 split in October. How do I report that on my taxes? Is it a capital gain or a dividend and what part of the 1040 or Schedule A is it recorded on?
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The split itself is not reported anywhere now. You will report any gain or loss on the HWP shares only when you sell them. The total cost basis of the shares is unchanged, but the cost basis per share is now half of your original cost basis as adjusted for the tax-free spinoff of Agilent.
HTH
--BigBunk
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