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Author: couzensj Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121594  
Subject: Re: no way to make a basis on gifted stock Date: 7/16/2001 2:59 PM
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I'm new to this site and i know this has been asked before, but I couldn't find advice that would help me.
MY PROBLEM: Mother in law gave us shares of AON CORP(AOC) about 6 years ago. She never kept records of when/what cost/etc that she got her stock(most of it over a 20 year period came from dividend reinvestments/ stock splits). There is NO WAY I can determine what her basis was when she gave us the stock.
1. What do I do to determine a basis so i can sell them ?

Determining you mother's cost basis will be a major problem but it can be done. First, you need to know how your mother got the stock (gift or purchased). If she received its as a result of distribution of an estate that was her cost basis is probably the date of the deaceased. If she inherited then the estate administrator would have valued it based upon the date of death.

If you mother bought it then you need to determine when it was purchaed. Once you can determine when it was purchased you can get old stock prices from the Library by date. Once you determine your mothers purchase price that will be the orginal cost basis - now all you have to do is adjust the for reinvested dividends and stock splits. Sites like yahoo will list stock splits.

Good luck
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