In 1996 we were issued LU stock as we were AT&T shareholders.#1 - What basis do we use when this was issued as a result of our owning stock? #2 Do we still get the price as of that date as our cost basis?3. If we were to sell that LU stock today, after the split, what would our cost basis be?Example:Issued to us in 1996 at $50.00 shareWe sell that original stock now, after the split, for $64.00. Would our cost basis that we are taxed on be the difference between 50 and 64? Or would we have to use -0- basis because we didn't actually pay cash for these shares?Same question on the shares that split since 1996 (two splits)Puggexa
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