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?
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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.
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