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Business & farm
@guohaiyi0527 There's some fine print at the top of your 2nd picture saying that the units reflect a 1 for 8 stock split. So I think the units work. As for applying the adjustments to basis, applying to one lot works too (as long as it doesn't drive the cost negative). Just keep records so you can explain the approach if ever asked years from now.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 7, 2021
10:17 AM