Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 07-09-2014, 02:18 PM
Junior Member
 
Join Date: Jul 2014
Posts: 1
1982 Date of Death and Cost Basis

Taxpayer dies in February, 1982. At the time she has AT&T stock. I have the stock price for AT&T in Feb 1982, but I dod not know the number of shares owned at death. The State Comptrollers Office finds the beneficiary in 2013 and pays her approx $75,000 in unclaimed funds money. At the end of 2013, the Estate gets 14 1099B's from the State which show the sale date, amount, and number of shares from 14 different Telecom companies (probably AT&T spinoffs). We have no records from the deceased. What logical method can I use for calculating the Cost Basis for the 1099B's the Estate received? Any suggestions?



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Estimating Cost Basis with unknow purchase date trvlnlzzrd Capital Gains 1 04-09-2011 03:02 AM
Unknown cost basis of a spinoff and unknown basis date Joy Joy Capital Gains 1 07-12-2010 10:35 AM
Update Cost Basis upon Death of Co-Owner? dldaven Capital Gains 0 10-10-2009 05:44 PM
Cost Basis Liquidating stocks after death scarletsupra Capital Gains 0 05-30-2009 11:31 PM
Unknown cost basis or purchase date Fladabosco Capital Gains 3 03-03-2009 02:51 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.