Selling shares of stock?

Question

I bought 60 shares in a company at $15.00 a share. I sold the 60 shares when the price reached 50.00 per share. During the time I had the shares the stock split a few times over the years and I still have 73 shares. If I went to sell the 73 shares what do i use for a cost basics?

Answer 1

From what you say, you've got 133 shares. 60 plus the 73 remaining.

Thus, it looks like it's

73/133 X 15.00 per share or 8.23/share.

If there's additional info you want considered, just let me know.

Hope that helps!

Answer 2

When stocks split the cost basis per share is adjusted. A 2 for 1 would have made the basis $7.50 per share.
When you sold 60 shares , you should have computed it using the adjusted for splits price.
Your original cost was $900 so divide $900 by the total number of shares you ended up with.
Sooo if all you had were the 60 sold and 73 now, then you actually had 133 > $900 / 133 = $6.77 per sh.
For schedule D , list the number sold with that price AND for cost basis > > ( $900 / total # after splits )X(# sold)