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Reverse split stock - exchange & cash in lieu transactions
Hi,
I purchased 60 for $16/share and 50 shares for $8/share on two different dates 02/21 and 03/21 respectively, So total cost basis is $1410 then fast forward to 08/01/23 the reverse stock split happened and see two transactions.
exchange -50 amount 0
cash in lieu $12.40
When I received the form 1099-B it was reported cash in lieu only with no loss but I actual have a loss.
Cash/Lieu 08/01/23 12.40 N/A
How would I report it as a loss?
Topics:
March 17, 2024
1:41 PM