- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
What is the cost basis for stock never purchased? MetLife converted to stock then split this year into Brighthouse, but no partial shares , so received value of partial?
MetLife Insurance policy converted to stock several years ago, then split this year into M/L & Brighthouse. Issued 1 share B/H for every 11 shares of M/L, but no partial shares, so received value of the partial share, and it's reported on 1099-B, but there is no cost basis, and I have no idea how to calculate since I never purchased the stock.
Topics:
‎June 7, 2019
4:33 PM