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Author: TXdore Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: ?Gift to Minor + Dividend reinvestment question Date: 2/15/2001 6:44 PM
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Any help would be appreciated. This is my first adventure in selling stock and filling out schedule 'D'.

I was given 100 shares of stock when I was small under the Gift to Minors Act. It would have been given to me in the 70's, I have not tried to research the date or that cost basis yet. In about '97, I began reinvesting the dividends. Last October, I called TXU and told them to sell the stock and cut me a check. There was no broker, I owned the stock directly through the company. The majority of the stock I have owned for more than a year, but some whole and fractional shares were bought using dividends in the 4 quarters previous to the sell.

Two questions:

Number 1. What is the original value, cost basis, of the stock? The valve at the time of the gift or $0 because it was a gift and/or I can't obtain the date of the gift?

Number 2. I think I know the answer to this one, but do I have to go into my records (which are good) and determine what shares I bought with dividends within one year of when I sold all the stock to determine which is short and which is long term? TXU sent me one form with one number.

Again, any help would be appreciated. I'm just trying to confirm how I understand the code. Thanks.
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