Fri, Jul 25, 2014, 8:47 AM EDT - U.S. Markets open in 43 mins.

Recent

% | $
Click the to save as a favorite.

The Coca-Cola Company Message Board

  • drdlayman@sbcglobal.net 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?

 
KO
40.97+0.16(+0.39%)Jul 24 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.