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How do I report a total stock loss after a reverse split? Went from 6 shares to 0 after a 1:10 split.
I bought 6 shares of CTRM on Robinhood on 2/10/2021, and on 5/28/2021, there was a 1:10 reverse split, which resulted in me having 0 shares. Robinhood does not report this on any statement as resulting in me having a fractional share, simply 0 shares, all value gone, no cash added, the only thing recorded was a transaction labelled as "SPR" and a recording that 6 shares were involved. I just want to know how to report this on my taxes. This is my first time doing any taxes involving stocks, I just want to know what I need to report to the IRS, and how to do that?
Thanks!
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‎February 6, 2022
4:32 AM