Reply to How do I figure cost basis for stock given to me at birth?

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[quote=Anonymous][quote=Anonymous]I got stock from relatives when I was a baby. Dividends have been reinvested quarterly now for almost 50 years, and I've paid taxes on that since I was 18 or so and could file my own taxes. I don't have original stock certificates. How do I figure out basis since all these dividends have been reinvested for decades? Is there an easy way? [/quote]

I ran into this with my wife.  The record keeping was non-existent.

If you know how many shares you have today, and you have the approximate date of when the shares were purchased, there are calculators out there that'll tell you the price on the purchase date (you can simply average the open/close) for your buy price...

The reason those calculators are important is if the stock was split over time (very common in the 90s / dotcom bubble).  Basically 10 shares at $10, under a 1&gt;2 split, becomes 20 shares @ $5.

Once you know the adjusted shares/price, you just calculate the gain (or loss)... and I'm assuming it's all LTCG taxes...  so apply to your bracket (0, 15, 20%? - don't quote me).  [/quote]

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