Solved: I bought 50 shares of company ABC for \$10 each. In 2017, the stock splited 2 for 1 and i sold all 100 stocks and at \$8 per share. How to enter to Turbo Tax?

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# I bought 50 shares of company ABC for \$10 each. In 2017, the stock splited 2 for 1 and i sold all 100 stocks and at \$8 per share. How to enter to Turbo Tax?

If I bought 50 shares of ABC for \$10 each and the commision fee is \$5.

The stock splited 2 for 1 so I had 100 shares (50x2=100).  I sold all 100 shares at \$8 each and commission fee is also \$5.

How should I enter this into Turbo tax for:

# of shares (50 before split or 100 after split and at the time of selling)?

Year Acq - assume 2016

Total Proceeds:  should it be \$10x50+\$5 = \$505 or only \$500 excluding the commission fee?

Total adjusted Cost base: should it be \$8 x 100 + \$5 = \$805 or \$8x100 + \$5x2 = \$810?

Accepted Solutions
Expert Alumni

## I bought 50 shares of company ABC for \$10 each. In 2017, the stock splited 2 for 1 and i sold all 100 stocks and at \$8 per share. How to enter to Turbo Tax?

You should report the shares after the split.

Number of shares: 100

Total proceeds: \$8 x 100 - \$5 = \$795 (the commission was deducted from your proceeds).

Total adjusted cost basis: \$5 x 100 + \$5 = \$505 (you paid the commission of \$5 only once).

**Say "Thanks" by clicking the thumb icon in a post
Expert Alumni

## I bought 50 shares of company ABC for \$10 each. In 2017, the stock splited 2 for 1 and i sold all 100 stocks and at \$8 per share. How to enter to Turbo Tax?

You should report the shares after the split.

Number of shares: 100

Total proceeds: \$8 x 100 - \$5 = \$795 (the commission was deducted from your proceeds).

Total adjusted cost basis: \$5 x 100 + \$5 = \$505 (you paid the commission of \$5 only once).

**Say "Thanks" by clicking the thumb icon in a post