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txndc
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Turbo tax is calculating my cost basis in stock incorrectly due to reverse splits. I went from 28K shares to 2K. How do I enter the correct cost basis? Thanks!

 
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Turbo tax is calculating my cost basis in stock incorrectly due to reverse splits. I went from 28K shares to 2K. How do I enter the correct cost basis? Thanks!

Do not use the program to do the calculation ... delete the sale and enter it manually. 

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Turbo tax is calculating my cost basis in stock incorrectly due to reverse splits. I went from 28K shares to 2K. How do I enter the correct cost basis? Thanks!

Do not use the program to do the calculation ... delete the sale and enter it manually. 

txndc
New Member

Turbo tax is calculating my cost basis in stock incorrectly due to reverse splits. I went from 28K shares to 2K. How do I enter the correct cost basis? Thanks!

Thanks.  That makes sense, but Turbo Tax should be able to recognize this relatively common situation.
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