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Get your taxes done using TurboTax
The cost basis would be whatever you paid for the 3 shares that didn't get converted in the reverse stock split.
If you bought all the shares at one time, then it is just 3 times the stock purchase price.
If you bought shares at different times, then it can get a little complicated. You can choose to use the price of the first 3 shares, the last 3 shares or use cost averaging to determine cost basis.
It is equivalent to selling 3 shares for $11.30 before the reverse split.
If and when you sell the remaining shares, you will need to calculate the remaining cost basis by subtracting the cost you used for the 3 removed shares.
I hope that helps.
‎April 15, 2023
11:24 PM