[[If I follow you on your explanation of split shares....correct me if i am wrong....If i started out with say 30 shares @ $50. and now i have 120 after two splits,,and then i sold 30 shares, the cost basis of those would be $50 , the next sale might be @ $25 and so on?????]]Nope...you are confusing yourself. I'll try again.In your example, your original basis was 30 shares at $50/share...for a total cost of $1,500. You now have 120 shares. So in order to compute your basis in all of these shares, you would divide $1,500 by 120 shares. This would give you a basis for EACH and EVERY share of $12.50 each. So if you sold 30 shares, your total cost basis for those 30 shares would be $375.00 (30 shares X $12.50/share). And this $12.50 basis is on EACH AND EVERY share that you own.Hope this clears it up...TMF TaxesRoy
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra