Stock Basis

[Oxtrainer]

Sometimes I have a great deal of trouble finding the basis of stock that a client has held
a long time. Often Im not entirely satisfied with the results. May be some of you can
help. I know how to get into big charts to read quotes on a given day but I don't know
how to tell about any splits that have occured. On some accounts that have changed
from broker to broker nobody seems to have answers. The main question is--(How do
I tell when splits in stock have happened?)

If the question is not clear I will try to add more. Thanks to all

[Kram BergGold]

stock splits

For checking on splits I like www.yahoo.com
Click on finance
put in the symbol
click on basic chart
at the bottom of the chart are all the splits.

[Brian EA]

[. The main question is--(How do
I tell when splits in stock have happened?)

If the question is not clear I will try to add more. Thanks to all[/QUOTE]

If the client is selling all of the stock, stock split is not important. use the cost plus dividend reinvested for the basis.

brian

[LTS]

yahoo.com - finance, etc.

shows the 'classic' chart. click the 'new charts in beta' - max period, and it shows splits on the charts. if your original time need is before the max period, you need other help. although you could infer that the cost basis is lower than what the max period shows, and not be too far off.

[CarolToppCPA]

Stock basis

I too have a difficult time with calculating stock basis. My current client was given stock "a long time ago" by her uncle. Since it was a gift, the basis tranfers from the giver. So now I need to know the uncle's stock basis. Good luck finding that! Client has a brother who is a stockbroker (and was also given stock by same uncle) so I told her to ask what he did when he sold uncle's stock.
I may end up assuming 0 basis. This is fine this year because her proceeds were only $2500. But she still has 175 shares of this stock...

I have found yahoo finance very nice for historical prices and stock splits. I ask for a monthly list of historical prices and it clearly show the date of stock splits.

[winnie]

stock basis

The worst is the former telephone companies, which has so many spin offs. I had one last year that had purchased over time and reinvested all dividends - starting about 30 years ago. I bought a "ATTTax calculater 2005". And the only thing I am sure of is that I didn't have it exactly right. However, that got me in the ball park.

[Lion]

Stock Basis and Splits and...

If it's just one or a few stocks you're looking at, go directly to the websites for those stocks. AT&T has great worksheets if you know when first purchased; just follow them through to the sale date. And, it's free!