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?