Hi,
I had 500 shares of stock (Sina Corp) that had two stock distributions of stock of Weibo Corp. I received 50 shares of Weibo with each distribution. The Sina Corp later went private and cashed out my shares in 2021. I still have my stock in the Weibo Corp. (100 shares) My question is do I need to do anything special to figure out the cost basis of the Sina Stock? Do I just find the price of the stock purchase price and the price of the stock on the day it went private? Not sure how the stock distributions affect the cost basis of the Sina Stock.
Thanks
