Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Re: Script Dividend ADR Issuance
Script Dividend ADR Issuance
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
wallacedk
Level 2
03-22-2021
04:16 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Banco Santander issued a Script Dividend ADR Issuance worth share price of $2.92 on 12/14/2020. Is this $2.92 per share taxable as dividend income in 2020, or is this $2.92 cost basis of the issues ADRs?
Labels
This discussion has been locked.
New comments cannot be posted on this discussion anymore. Start a
new discussion
1 Comment 1
sjrcpa
Level 15
03-22-2021
04:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
It sounds like the equivalent of a stock dividend. You now have more shares with the same original total basis.
Ex. You had 100 ADRS with cost basis of $1,000.
Now you have 1,025 ADRS with cost basis of $1,000.
Check the investor information section of their website. It probably has tax info.
The more I know, the more I don't know.
