SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Bob Morris who wrote (773)12/22/1997 9:50:00 PM
From: Cisco  Respond to of 1894
 
Bob,

Check out this thread. It is where I go with my tax questions.

Subject 17266

Perhaps some of the others on this thread can also answer your question.

Happy Holidays, Cisco



To: Bob Morris who wrote (773)12/22/1997 11:24:00 PM
From: joemjo  Respond to of 1894
 
Bob,
Your cost basis is the total of what it cost you. You will use the amount you paid for the stock. When it split you paid nothing, ween it split the additional shares cost you nothing, so therefore the original cost is the tax basis. You do not get to add to the cost basis the market value at the time of the split because you did not incurr any additional cost. Your capital gain is the sale proceeds minus the cost basis. A stock split is a nontaxable event.
Todd
You can find the IRS on internet and download the appropiate information. Take any tax advice you receive with the appropiate caution and double check everything I stated.