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Author: stocks2grow Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: DRIP sold, incomplete history Date: 4/1/2009 9:50 AM
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Hi - This year I sold a DRIP that I've had since the 80's. I don't have statements before 1995 and the company doesn't have them either. How do I handle this on my taxs since I cannot figure an accurate basis?

Thanks for any guidance.
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Author: Hohum77 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 105494 of 121185
Subject: Re: DRIP sold, incomplete history Date: 4/1/2009 10:00 AM
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Hi - This year I sold a DRIP that I've had since the 80's. I don't have statements before 1995 and the company doesn't have them either. How do I handle this on my taxs since I cannot figure an accurate basis?

Thanks for any guidance.



Not the best situation, but zero basis up to 1995, then start stock basis for all DRIP purchases from 1995 forward.



Hohum

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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 105495 of 121185
Subject: Re: DRIP sold, incomplete history Date: 4/1/2009 10:04 AM
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Not the best situation, but zero basis up to 1995, then start stock basis for all DRIP purchases from 1995 forward.

If you have the original purchase, then the dividend amounts and price on the date invested(from historical sites like yahoo), you may be able to do better than that.

rad

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Author: stocks2grow Two stars, 250 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 105498 of 121185
Subject: Re: DRIP sold, incomplete history Date: 4/1/2009 11:32 AM
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Thanks, that will get me started.

Mike

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