rfassett Posted February 23, 2016 Report Share Posted February 23, 2016 I was just doing a return with some stock sales and had a flash back to when I had to go to the basement and dig through the archives to find stock basis. Thanks IRS - for bringing the brokerage firms into the current century. That little thing (well, not so little) has saved me tremendous time on some returns. 11 Quote Link to comment Share on other sites More sharing options...
Elrod Posted February 23, 2016 Report Share Posted February 23, 2016 I always felt ..........IF a client doesn't know what he paid for stock.....They shouldn't be buying it..BUT..That's just me...O' Well 5 Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 23, 2016 Report Share Posted February 23, 2016 2 minutes ago, Elrod said: I always felt ..........IF a client doesn't know what he paid for stock.....They shouldn't be buying it..BUT..That's just me...O' Well Nice idea. Do you know what you paid for a stock you bought in 1952? Or even 1992? Or when you got three lots in the same year, via RSU's, ESPP's, and QSO's -- which one got sold and what's the basis? Even the nice brokerage statement basis figures frequently need more investigation. And DRIPs. Don't forget the corrections for DRIPs. 1 Quote Link to comment Share on other sites More sharing options...
Elrod Posted February 23, 2016 Report Share Posted February 23, 2016 Catherine, I would know....That's the way I handle all my investments....And I let all Heirs know also....That's just the way I do it. BUT NOT ALL DO.. 1 Quote Link to comment Share on other sites More sharing options...
JohnH Posted February 23, 2016 Report Share Posted February 23, 2016 You heirs won't need top know what you paid for your stock. =========================================== It's easy to make a lot of money buying stock. Just take all your savings and buy a good stock that you know is going to go up. When it goes up, sell it. If it don't go up, don't buy it. (With apologies to Will Rogers) 1 Quote Link to comment Share on other sites More sharing options...
Roberts Posted February 24, 2016 Report Share Posted February 24, 2016 When I got into the investment business, coming up with a cost basis for the myriad of spin-offs from ATT was a days work. here is a flow chart of all the spin offs and mergers. 3 Quote Link to comment Share on other sites More sharing options...
Randall Posted February 24, 2016 Report Share Posted February 24, 2016 Some say the way to make a small fortune is to start with a large fortune. 2 Quote Link to comment Share on other sites More sharing options...
Richcpaman Posted February 24, 2016 Report Share Posted February 24, 2016 Ron: There are some parts of this job that are getting easier... Rich Quote Link to comment Share on other sites More sharing options...
Catherine Posted February 24, 2016 Report Share Posted February 24, 2016 12 hours ago, Roberts said: When I got into the investment business, coming up with a cost basis for the myriad of spin-offs from ATT was a days work. here is a flow chart of all the spin offs and mergers. I still have the spreadsheet re-figuring my cost basis from when my ESPP shares from GTE got forcibly converted to Verizon - and then later for all the spin-offs. Whenever I decide to sell VZ, I'm ready! (If memory serves I ditched all the spin-offs pretty quickly.) Quote Link to comment Share on other sites More sharing options...
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