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What Does Tesla's Proposed 3-for-1 Stock Split Mean for Your Tax Returns?

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What Does Tesla's Proposed 3-for-1 Stock Split Mean for Your Tax Returns?: https://g.foolcdn.com/editorial/images/685828/person-calculating-her-budget.jpg

Last month, Tesla (NASDAQ: TSLA) announced plans to jump on the stock-splitting bandwagon again with a 3-for-1 stock split. Shareholders will have a chance to vote at the 2022 annual shareholder meeting. If approved, shareholders on record by a certain date will receive two extra shares for every one share of Tesla stock they own on the day of the stock split.

If you're planning ahead for tax season, here's how taxes work if you hang on to your extra shares or decide to sell them.

Image source: Getty Images.

Source Fool.com

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