This is an example/scenario only.
If 1 stock was purchased over 1 year ago at $10 and didn't split, I understand this is long term capital gains when I would sell it for $20. Capital gains would be $10.
If the same single $10 stock was purchased over 1 year ago but did a 2 for 1 stock split this year and I sell before December 31, what is the implications?
I didn't want to assume anything so I'm asking for clarification. When I sell both stocks at $20 for a profit of $30 (2 x $20 = $40 minus the original price of $10 = $30), would the $30 be considered long term capital gains?
The concern I had is that 1 stock would be long term capital gain and 1 would be short term capital gains. A simple question but also good to know the answer before taking action and filing 2024 taxes.