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How can I find out when stocks were purchased and for how much?
My husband bought a bunch of stock through his company's stock purchase plan 8-10 years ago or so. He left the company about 5 years ago, and passed away about 2 years ago. Last year I had to sell the stocks (the company was bought by another company). Now I'm filling out my tax forms (I know, I shouldn't have put it off this long) and I have no idea when he bought the stocks or how much he bought them for. I might have the paperwork for it somewhere (my husband usually kept everything, but not always in any organized way), but I'm not even sure what I would be looking for. Some of the stocks were kept with E*Trade, but some of them I just had the certificates for (I had to turn them in when I sold them, of course, and I didn't make copies of them - stupid, I know). Is there any way for me to find out when these stocks were bought (I assume they were at several different dates) and for how much? The company was bought out, so I can't really call them, at least I don't think I could. Who else would I call?
3 Answers
- Anonymous9 years agoFavorite Answer
that's why it is much better to buy from etrade or other online stock trading platform. it is a lot easier to track when and how much did you purchase/sold stock for. They can give you detail report on every transaction. They even have options to report tax earning for you.
As for you stock filing, it will be reported on form Sch D. The net amount will flow though to page 1 of the 1040. Make sure that on Sch D you appropriately seperate short and long term sales. Long term are stocks that you hekd on for 12 months and longer. You would have a better tax rate on the long term. You will need to use the stock purchase price only for those that you sold. The purchase price is called the basis. The dividends are reported on Sch B and will also flow thought to your page 1 of the 1040
- 9 years ago
Tax advisors are a rip off.. your stock broker should have this information.
Each year you get a 1099 form from your broker that has the cost basis (how much they were purchased for) on it.
- ?Lv 59 years ago
I would spend a couple of dollars and consult a tax adviser, the law changed this year and the brokerages are now required to keep that information. You might be able to get away with "guesstimating" if it's not a lot of money.
