Replies to post #10889 on Qualcomm Inc (QCOM)

[khemara_qc]

Your statement << a holding of 5000 @60 shares before the split will net 10,000 shares @30 post split>> is correct.

Your initial cost was $60. Now your split adjusted cost is $30. Your total cost is always $30,000.

[stricklybiz]

pajaso, That's a correct understanding of the split. The cost basis will be unchanged. This non-CPA has always understood that such splits have no tax implications; if they do, I'm in a heap of trouble <g>.