Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 02-16-2010, 04:15 PM
Junior Member
 
Join Date: Feb 2010
Posts: 1
Company divided and split stock - Basis???

A while ago, 1998/99 time frame I purchase an ADR of a foreign telecom. Since then the company split into several smaller parts, some of which were a company in name only, parts ceased to exist and recently other parts did a reverse stock split causing a forced sale of some of the company stock. I know I did not do a good job keeping tabs on this, but now have to deal with the mess.

There are only 2 good things here: was not a huge amount of money lost and I still have the original purchase invoice. I noted on the invoice the 6 different company ticker acronym. How do I figure the cost basis? I did not get equal number of shares in each company when the split occurred.

Thx,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
I am on H1B with company A. Can I get income from company B on 1099? kkb972 Tax Credit 0 12-17-2009 10:36 PM
I am on H1B with company A. Can I get income from company B on 1099? kkb972 Filing Requirements 0 12-17-2009 10:32 PM
What is meant by a Split Refund on the Individual Tax Return? sahar Miscellaneous 1 03-05-2009 02:11 PM
tax basis for inherited stock bella Capital Gains 1 03-12-2008 09:54 AM
I Sold inherited stock! How do I calculate my basis? Amir Capital Gains 1 01-28-2007 11:53 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.