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The Coca-Cola Company Message Board

  • drdlayman Apr 8, 2013 10:34 AM Flag

    Is sale of KO shares after the 2012 split really a Federally taxable event, with 0.00 cost basis?

    Does anyone know (who is doing their own Fed income tax) that on Form 1099-B, sales of any split KO shares are taxable, with a cost basis of $0.00? I see a notation about this being a STOCK SPLIT DUE BILL. But this really wasn't a capital gain, was it? Wasn't it just a split in stock price and a doubling of share total? Do we have to swallow this split as a non-valid capital gain?

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