Walmart Shares

[POCAHONTAS]

Client has a 1099-B from Walmart it doesn't show the cost basis, does any one know how to figure the cost basis for Walmart Shares sold??

Thanks

[Bees Knees]

What did the client pay for the shares?

[ddoshan]

Client has a 1099-B from Walmart it doesn't show the cost basis, does any one know how to figure the cost basis for Walmart Shares sold??

Thanks

The ones that I have had this year did show cost basis thankfully. However if your client has been purchasing stock for some time now and has sold shares purchased some time ago then you will have to figure it out. Walmart does give employees a statement every year showing all stock purchases, dividends, and sales of. Client should have or have kept such records.

[JoshinNC]

Flip the 1099-B over

It's usually in a summary on the back if they didn't put it on the front.

[Burke]

Client has a 1099-B from Walmart it doesn't show the cost basis, does any one know how to figure the cost basis for Walmart Shares sold??

Thanks

If he worked there, its probably a DRIP and they give him a statement every year. If he does not have those, he will have to get the info from Walmart.