During $2024,$ Chipotle Mexican Grill, Inc. declared a $50$:$1$ nontaxable stock split on shares of its common stock. Common stock shareholders received $50$ shares of Chipotle common stock for each share of Chipotle common stock they owned on the date of the stock split. Karina owned $200$ shares of Chipotle common stock prior to the stock split. Each share had a tax basis of $$2,000.$ After the stock split, Karina owned $10,000$ shares of Chipotle common stock. Karinas total tax basis in the $10,000$ shares after the stock split is $$400,000.$ True or false