What is the name of your state? Virginia.
I took stock certificates out of a Keogh account, then I turned these in to the company as part of a reverse split, and returned the new certificates to my non-retirement account. I believe that even though I did not sell the shares, this was a "taxable event" and I had to pay taxes for the withdrawn certs as if they were sold, at the price at which they were at the time of withdrawal. So how do I figure my new tax basis when I finally sell again in my non-retirement account. Do I use the cost that I originally paid when I bought it in the retirement account, or is it zero? Thanks.
I took stock certificates out of a Keogh account, then I turned these in to the company as part of a reverse split, and returned the new certificates to my non-retirement account. I believe that even though I did not sell the shares, this was a "taxable event" and I had to pay taxes for the withdrawn certs as if they were sold, at the price at which they were at the time of withdrawal. So how do I figure my new tax basis when I finally sell again in my non-retirement account. Do I use the cost that I originally paid when I bought it in the retirement account, or is it zero? Thanks.