Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Script Dividend ADR Issuance

wallacedk
Level 2

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?

0 Cheers

This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion

1 Comment 1
sjrcpa
Level 15

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.