Filing Income Tax on Dividend Reinvestment Stock?

Question

I have purchased dividend reinvestment stock over a period of 20 plus years, every year I have paid tax on the dividends that were reinvested. Due to a misfortune I recently lost all of my records. If I sell all the stock how do I go about filing income tax since taxes have already been paid on the reinvested dividends but I have no records.

Any help would greatly be appreciated, thanks.
Ron

Answer 1

The DRIP plan administrators should have records on all of the purchases from the reinvested dividends so they should be able to assist you in reconstructing your cost basis.

Answer 2

You can get a copy of your tax returns from the IRS, but I'm not sure how many years you can go back. Perhaps the investment company will have record of the dividends that were reinvested.

Answer 3

each and every sale would desire to be reported on time table D (type 1040). try this whether you have a loss. in case you have a protracted term capital benefit then the tax value is 0% or 15% based upon your tax stab.