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After a reverse stock split where fractional shares are rounded up (no CIL payment is offered), how do I account for the value of the received fractional share?
More broadly, in stock split cases where CIL is not offered but fractional shares are either rounded up or down, the stock holder is either gaining or losing part of a share. I would assume the value of the fractional share whether it's a loss or gain can be used to adjust the cost basis. Is this correct?
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May 31, 2019
11:37 PM