RE Tax Consequences of Reverse SplitI will pass this on to my accountant but am I correct that the reverse split could not be the basis of a capital loss for those of us who averaged more than the $4.50 that our original shares were liquidated for? Is it the case that because the new shares were issued the next day (within the 30 day rule) that this is called a "superficial loss" and hence not deductible? I'm also confused about what is the cost base for the shares that I currently own that were issued at the time as a substitute for the original BNK shares. TD has the cost base of the substitute shares listed at $4.29.
One confused camper (who will rely on professional advice but is curious)