topic 200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis in Investors & landlords

200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis

mkkh2 — Tue, 01 Feb 2022 21:16:43 GMT

I purchased 200 shares of a stock which converted to 150 shares of another stock when first company was acquired by second company. How do I calculate cost basis to use when selling 150 shares?

Re: 200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis

DianeW777 — Tue, 01 Feb 2022 21:48:43 GMT

If you did not receive any money on the conversion, then the cost of the 150 shares is the same amount you used to purchase the original 200 shares. Simply divide the original cost by the 150 shares and this is your cost per share if you don't sell them all at once.

If you did receive any amount of money on the conversion, this would reduce your cost basis before determining the cost per share.

Re: 200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis

Critter-3 — Tue, 01 Feb 2022 23:09:32 GMT

Duplicate posting. Could be a homework question.

Re: 200 shares of a stock converted to 150 shares of another stock. whaet to use as cost basis

mkkh2 — Tue, 01 Feb 2022 23:14:24 GMT

not a homework question. a computer glitch issue