I purchased 200 shares of a company several years ago. Two years ago, they did a 100 to 1 reverse split, turning those shares to 2 and this month they did a 25 to 1 reverse split cashing out those 2 shares cash in lieu as there were not enough shares to reverse split.
The cash out represents a significant loss, but the cost basis shows up nowhere in my transactions and does not seem to be considered a loss. How would I report the actual loss? Why does this not appear on my 1099?
Thanks!
