dmufeed
Level 2
02-23-2022
11:16 AM
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abctax55
Level 15
02-23-2022
11:25 AM
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- 0 -
UNLESS your client or his financial advisor can come up with the actual cost basis.
HumanKind... Be Both
BobKamman
Level 15
02-23-2022
11:41 AM
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If your client doesn't have the purchase confirmation but knows it was in 1988, use the lowest price it traded that year. Zero is for people too lazy to make a reasonable estimate.