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Author: cjones100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 122998  
Subject: Drip sale, cost basis unknown Date: 10/21/2003 2:47 PM
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I'm handling my mom's finances for her. She has had a Drip account for one stock for many years. Like many stocks, it plummetted a couple of years ago, but has only recovered slightly. So the thought of selling it, or at least some of it, has become a possibility.

Here's my problem. I don't have all of the paperwork and can't determine the cost basis for all of the share purchases. Mom has moved four times in the last six years, and I think a lot of this stuff was (Gulp!) tossed.

When the shares are sold, will the transfer company (which, I think, only started working with this Drip a few years ago) have the information, or am I up a creek? And if I'm up a creek, how do I handle this when reporting the sale on Mom's taxes?

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