Question

I have two 1099-B forms from the Dow/Dupont split. Each states that 0.666667 shares have been sold. No cost basis is given. How do I come up with a number?

Forum|Forum|6 years ago
June 4, 2020
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Dupont 1099-B states "REVERSE SPLIT CASH-IN-LIEU sold @" and Dow states "SPN OFF CIL - C01 (CUSIP: XXXXXX103) SOLD @". Do I need a cost basis amount?

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A

Anonymous

see this document for the long explanation of how to allocate basis to the frac shares sold. note that some taxpayers choose to ignore basis allocation especially when only a few dollars are involved (this is the wrong way but the IRS seldom does anything)

https://s23.q4cdn.com/116192123/files/doc_downloads/2019/07/Form-8937-Letter-to-the-Shareholders-Combined-Corteva-Spin-and-Rev-Stk-Splt-Final.pdf