Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Does anyone know how I account for the Brown-Forman [ BF-A] 3-2 Stock split distribution today? I have two questions.

1. One is for tax purposes. I am holding it in a taxable account. Am I taxed on them as a distribution in 2012 or do they just average into my average cost basis and affect my cost basis if I ever sell the shares?

2. When I enter the additional Shares on my Motley Fool Scorecard. Do I just put the number of shares and today's date and 0 as the cost per share? or do I have to do some math and add them to my original number of shares purchased and then do an average purchase price with the new number of shares based on the original cost basis?

Thanks in advance for your help.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.