Message from discussion
Finding basis of old stock?
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From: "Captain Easy" <EZ...@gmail.com>
Newsgroups: misc.taxes
Subject: Re: Finding basis of old stock?
Date: Tue, 02 Oct 2012 13:30:26 -0500
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On Tue, 02 Oct 2012 10:22:24 -0500, paulthomascpa
<paulthomascp...@bellsouth.net> wrote:
"Ray" <rayj.b...@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.
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