JohnB5677
Expert Alumni

Deductions & credits

If I understand correctly this is one stock that has gone through Mutiple splits.

 

If we start out with an original basis of $10 per share.

 

Start with 12 shares.  Cost basis/share is $10, Total Basis is $10 X 12 = $120

 

12 shares reverse split to 6.  Cost basis/share is $20, Total basis is $20 X 6 = $120

 split to 18, this is 3 for 1.  Cost Basis per share is $6.66667. Total BASIS IS $6.66667 x 18 =199.9999

and finally split to 36, THIS IS 2 for 1.  Cost basis per share is $3.33333.  Total basis is $3.3333 X 36 = 120.

 

Your cost basis per share is $3.33333.

 

The simplified method is to divide the total original cost by the current number of shares.

$120 / 36 shares = $3.3333

 

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