Some of these stocks were given 30 years ago ,some 10 yrs ago. sometimes it was 10 shares ,sometimes it was 50 shares.
2007-02-12 04:29:05 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
First you use Schedule D. If you don't know the price, put the cost at zero and then whatever you sold them for minus the sell fee. That just means you will be paying taxes on the full amount.
2007-02-12 04:42:10 · answer #1 · answered by gregory_dittman 7 · 0⤊ 0⤋
Unfortunately you figure the gain using the cost of the stock for the person who gave them to you. This is called carryover basis. If they had been inherited you would use the value at date of death of the person who gave them to you.
If you can't get access to the original cost I would suggest that you use the average of the high and low price of the stock for the year that you received them.
2007-02-12 04:40:31 · answer #2 · answered by waggy_33 6 · 0⤊ 0⤋
Given by whom, and how? If given as a gift, you'd have to know the basis the giver had. If given to you by your employer in the course of business and you didn't pay anything for them, your basis is zero.
2007-02-12 16:56:40 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
with the hot reporting r'qrmnts of the 1099 B, that's surprisingly sparkling what you report on the 8949 and Sch D you have 3 selections, and the wash sales are probable for sure defined it might take you it sluggish yet circulate back over each and each transaction and hint it to the region it desires to be stated to be sure
2016-11-03 06:06:13 · answer #4 · answered by arrocha 4 · 0⤊ 0⤋