The original brokerage firm got acquired by another one. The stocks being held were transferred but the purchase price, commission etc were not.
2007-02-02 04:48:06 · 3 answers · asked by RP 2 in Business & Finance ➔ Investing
The IRS allows "best" estimates so, get the new brokerage firm to write you a letter stating all of your records were lost, and as the best estimate you can give of the purchase date for X number of shares of company A was during the X month of (or even season of) year YYYY, and the average price per share during that time period was $XX.XX. Also usual commission of XYZ brokerage was XX%.
2007-02-02 05:06:47 · answer #1 · answered by gosh137 6 · 0⤊ 1⤋
Although the cost basis will not appear, the new brokerage may have a record of the statements (you should as well) and/or trade confirmations that you will show the original price.
2007-02-02 14:23:50 · answer #2 · answered by dashel_gabelli 3 · 0⤊ 0⤋
Hopefully you have a guess as to what you spent. If you know the date of the trade you could try and find a historical listing of prices.
I keep track of all my trades in Quicken just incase something like this happens. It has saved my butt!!
2007-02-02 13:53:13 · answer #3 · answered by a 4 · 0⤊ 0⤋