The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Cost basis of inherited, but with reinvestme||Date: 8/14/2013 2:04 AM|
|Author: TMFPMarti||Number: 119000 of 125707|
Am I supposed to also track and record dividends and reinvested shares between the DOD (July 2012) and when those shares were finally transferred to our brokerage account (February 2013)?
Of course this information isn't shown in our brokerage statements, because our brokerage history, with those shares, began in February 2013.
Ah, but the $$ amount should be shown on the K-1 where the income was passed through from the estate to you. You won't have it broken down by issue, but since you're liquidating everything you inherited, just lump the amount with one of them.
Rule Your Retirement Home Fool
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|