Answered: Re: How do you figure cost basis of stock given to you 25 years ago.If they reinvest entire amount is it taxable? Thanks!

EDDIE · ‎07-01-2020

Just-Lisa-Now- · ‎07-01-2020

"Re: How do you figure cost basis of stock given to you 25 years ago.If they reinvest entire amount is it taxable? Thanks!"

If it was a gift, youd want the basis of the owner that gifted the stock...if you could find out when they bought it, you could look up historical stock prices.

Once it's sold, what you do with it doesn't matter, it's a taxable transaction.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

Just-Lisa-Now- · ‎07-01-2020

"Re: How do you figure cost basis of stock given to you 25 years ago.If they reinvest entire amount is it taxable? Thanks!"

If it was a gift, youd want the basis of the owner that gifted the stock...if you could find out when they bought it, you could look up historical stock prices.

Once it's sold, what you do with it doesn't matter, it's a taxable transaction.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

sjrcpa · ‎07-01-2020

~~And then the 25 years of reinvested dividends add to that.~~

Read it wrong.

The more I know, the more I don't know.

How do you figure cost basis of stock given to you 25 years ago.If they reinvest entire amount is it taxable? Thanks!

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.