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Financial Planning / Tax Strategies


Subject:  Re: Stock price history of defunct companies Date:  2/25/2012  7:44 AM
Author:  aj485 Number:  115220 of 127753

Over the years my stock was moved from broker to broker by Conoco and ConocoPhillips. I was eventually laid off by COP, and I then consolidated all my COP stock with Vanguard - some IRA, some non-IRA.

Now I would like to sell all my COP stock, but I need to know the cost basis of the stock, at least on average.

I would suggest that you don't need a cost basis for any stock that's still in the IRA. As they say about Vegas, "What's in the IRA, stays in the IRA". Since IRAs are not taxed until you start withdrawing, and even then, they are taxed at ordinary income rates, not based on capital gains, you don't need to have a cost basis for the stock that's in the IRA.

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