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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: mike RN who wrote (1690)	12/31/1998 1:48:00 AM
From: CygnusX3	Respond to of 5810

<< You are correct. Your basis for all shares is calculated by dividing the number of shares held divided by total cost paid. >> It's that simple only if your holding is a single lot (i.e. each share has the same cost basis). If your holding is multiple lots with different cost bases per share, then the cost basis is adjusted lot by lot. As long as you receive whole shares for each share held, things are straightforward. But fractional share splits make things complicated.