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Author: pwhitten Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120820  
Subject: Re: Cost basis of stock sold Date: 4/15/2008 9:30 AM
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I didn't fully follow everything but it sounds like you had 1 share of stock at FMV in 1966 plus $50 as your basis, and everything else has been the result of that?

Not sure what FMV is. Ignoring what the purchase price of the gift was (I know it was around $50 in 1966), my cost basis at a minimum would be the one-time purchase of $50, plus 42 years of reinvested dividends.

Still not sure exactly what I'm going to do, but what the heck, I still have time to file for an extension.

Peg
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