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Finding basis of old stock?
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Ray
Oct 1, 2012, 10:37:14 AM10/1/12
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My sister, who keeps no records on anything, inherited some GE stock about
30 years ago and has held it ever since.
Now she wants to sell it, but I have no idea how to calculate the basis.
I can easily determine the value of the stock on the day of inheritance, but
I have no idea how many splits there may have been in that time.
Is there any way, short of massive research, to make a calculation of the
basis?
30 years ago and has held it ever since.
Now she wants to sell it, but I have no idea how to calculate the basis.
I can easily determine the value of the stock on the day of inheritance, but
I have no idea how many splits there may have been in that time.
Is there any way, short of massive research, to make a calculation of the
basis?
paulthomascpa
Oct 2, 2012, 11:22:24 AM10/2/12
to
"Ray" <rayj...@DELTHISverizon.net> wrote
shares held today. Gives you the per-share basis.
If it was in a drip account you'll have problems adding in the purchased
basis.
--
Paul Thomas, CPA
www.paulthomascpa.com
Watkinsville, Georgia
Captain Easy
Oct 2, 2012, 2:30:26 PM10/2/12
to freenews.netfront.net
On Tue, 02 Oct 2012 10:22:24 -0500, paulthomascpa
<paultho...@bellsouth.net> wrote:
"Ray" <rayj...@DELTHISverizon.net> wrote
Is there any way, short of massive research, to make a calculation of
the
basis?
The math seems pretty quick, inherited value divided into the number of
shares held today. Gives you the per-share basis.
-----------
Good answer, but the hard part is determining the inherited value.
Even Yahoo Finance and similar web sites don't usually go back
over 30 years. Also often the original stock was a company that was
taken over by another company, which, in turn, may have been taken over
by still another company.
There is no easy way--but if you can find the value on the date inherited,
the rest is simple.
--
Using Opera's revolutionary email client: http://www.opera.com/mail/
--- news://freenews.netfront.net/ - complaints: ne...@netfront.net ---
<paultho...@bellsouth.net> wrote:
"Ray" <rayj...@DELTHISverizon.net> wrote
Is there any way, short of massive research, to make a calculation of
the
basis?
The math seems pretty quick, inherited value divided into the number of
shares held today. Gives you the per-share basis.
Good answer, but the hard part is determining the inherited value.
Even Yahoo Finance and similar web sites don't usually go back
over 30 years. Also often the original stock was a company that was
taken over by another company, which, in turn, may have been taken over
by still another company.
There is no easy way--but if you can find the value on the date inherited,
the rest is simple.
--
Using Opera's revolutionary email client: http://www.opera.com/mail/
--- news://freenews.netfront.net/ - complaints: ne...@netfront.net ---
zvkmpw
Oct 2, 2012, 6:24:25 PM10/2/12
to
> My sister, who keeps no records on anything, inherited some GE stock about
> 30 years ago and has held it ever since.
>
> Now she wants to sell it, but I have no idea how to calculate the basis.
There's an on-line service that claims to do the calculation.
> 30 years ago and has held it ever since.
>
> Now she wants to sell it, but I have no idea how to calculate the basis.
http://www.gainskeeper.com/us/CostBasisAnalyzer.aspx
http://www.gainskeeper.com/us/BasisProIndividual.aspx
The first is for professionals; maybe your accountant has a subscription to it or a similar service.
The second is for individuals. It's not free, but there's a free 30-day trial.
https://www.gainskeeper.com/registration.aspx?type=trial&who=individuals
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