After reviewing the details of the reverse split, it's pretty clear. The reverse split was 60 for 1, and no fractional shares issued. You had 110 shares, so you should have received 1 share after the split. That is for 60 of your shares, which I will assume were the first lot of 60 shares. That left 50 pre-split shares, which isn't enough for full share of the after split stock, so you received $12.40 for your 50 shares with a total cost basis of $400. You report a stock transaction sale with a cost basis of $400 and proceeds of $12 for a long term loss of $388. See my original answer above for how to enter it in TurboTax. Note - your broker may have assigned the cost basis differently. Take your total original cost basis less the cost basis they assigned to the new 1 share and subtract that from you combined cost basis and that is the amount to use as the cost for your transaction.
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