How Will Amazon's Stock Split Impact My Tax Returns?

E-commerce giant Amazon (NASDAQ: AMZN) has finally pulled the trigger on plans to do a 20-for-1 stock split this year. That means you'll receive 19 extra shares for every one share of Amazon stock in your portfolio. If you currently have two shares of Amazon stock, you might be jumping for joy when you notice 40 shares in your account after the big day.

Before you get too excited, we'll explain how a stock split works and how it could affect your taxes.

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Source Fool.com