04-12-2010, 09:54 PM
Most financial software (quicken) and most tax software can usually deal with stock splits and reverse stock splits. Stocks splits are not taxable events.
Most will just ask the basis of when you bought them and then what you sold them for. The difference, including commissions, is your loss and can be used to offset gains of the same type (long or short) and any excess can be used to offset up to $3k ordinary income each year.
Most will just ask the basis of when you bought them and then what you sold them for. The difference, including commissions, is your loss and can be used to offset gains of the same type (long or short) and any excess can be used to offset up to $3k ordinary income each year.