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Old 02-10-2009, 04:46 PM
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1099-B question

Hi, newbie here = I got a 1099-B from Ameritrade, my MEH stock went private and they bought my shares out at $17 a share - however doing my taxes, it is looking for purchase date/purchase price - I have owned them for a while and can't find the info in my Ameritrade acct, and this is not listed on the 1099-B - how do I know what to put on my tax return? Help! Thanks!



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Old 02-11-2009, 12:10 PM
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Talk to your Ameritrade Representative, and they should be able to help you track down the cost basis information. If that approach does not yield a result, then perhaps the next best thing is check your old statements and try and use the cost basis from the trade settlement of the stock trades.

If you cannot locate this in any of your prior statements then I suggest that you "use your best estimate", it must reflect a price that was an average price for the security in the year of the purchase. You should also keep a record of how you arrived at the cost basis of the underlying security that you purchased, that is keep a copy of the source document.

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