Eli Posted May 22, 2007 Report Share Posted May 22, 2007 Client received 1099B for a Restricted Stock Plan Account. It shows the following: Trade Date reference Price gross $$ Comm other costs Net $$ Shares 4/1/06 Release 46.250 33.00 6/30/06 cash-div (4.95) (4.95) 6/30/06 DR-Ck-DR 4.95 7/26/06 Sold Stock 34.05 1123.65 35.00 5.04 1083.61 (33.00) 7/31/06 DR-CK-DR 1083.61 Would the release date be the cost basis of the stock? I'm coming out with a short term loss of $442.00 Not sure if this is correct though?? Any ideas?? Thanks!! Eli Quote Link to comment Share on other sites More sharing options...
Eli Posted May 22, 2007 Author Report Share Posted May 22, 2007 OK, this did not come out the way I typed it out. Anyways, I think I got it figured out to a $40.00 loss. Thanks! Eli Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted May 22, 2007 Report Share Posted May 22, 2007 I really can't tell from the way you presented it, Eli. How much did he pay when he bought it? That amount, plus the dividend reinvested, would be the basis. You have a lot more info for the sale than you give us for the purchase, so I really can not follow the whole transaction. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted May 22, 2007 Report Share Posted May 22, 2007 I come up with a loss of 442.64, Eli. Quote Link to comment Share on other sites More sharing options...
Eli Posted May 22, 2007 Author Report Share Posted May 22, 2007 I come up with a loss of 442.64, Eli. Thanks, KC. I guess I should not have 2nd guessed myself!! Eli Quote Link to comment Share on other sites More sharing options...
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