Tax on Stock Split from Keogh

[HowardC]

What is the name of your state? Virginia

I withdraw stock certs from my Keogh Account....I paid tax on them....then I sent these certs into the company, who had a reverse split, and deposited the new certs into a Regular account (non-retirement). Now I have sold these. What is the cost basis? I figure it might be zero, since I already paid tax once, or, would it be my original purchase price when I bought it for the Keogh?

 

[abezon]

Your original purchase price, if you bought with post-tax dollars. I.e., did you get a tax break for contributing $$ to the Keogh the year you bought the stocks? If you got a tax break & excluded the contribution from income, your basis is zero.