Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: cotopop Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: Cost Basis Help Needed Badly Date: 2/20/1999 11:48 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Eric,

Because of the amount of money involved it would only be prudent that you do a little investigative work.

I suggest you start out by contacting the Shareowners Investor Services for Exxon and explain your dilema. They may have a tracking of your account from day one and be able to provide you with the gross amount of reinvested dividends to add to your original cost.

If this doesn't work ask them for the history of the dividend payout rate and the share price reinvested dividends were issued at.(for the period of time you need). You could then reconstruct your cost for the reinvested dividends that was reported on your tax return for the 26 year period. You need to take into account stock splits when you format your spread sheet.

This is obviously some work but the effort will substantially reduce the capital gains amount.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement