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Hi:

We bought a stock (logicon) more than 20 years ago and I recently sold it. Since purchase the stock has changed name Northrop-Grunmman), gone through splits, paid dividens, etc. I have not been able to find the original purchase confirmation, and the broker does not have records going that far back. What can I do to determine cost basis, and generally how do I deal with the gains (it was profitable) vis-a-vis taxes?

Thank you for any input

Itma
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No. of Recommendations: 0
We bought a stock (logicon) more than 20 years ago and I recently sold it. Since purchase the stock has changed name Northrop-Grunmman), gone through splits, paid dividens, etc. I have not been able to find the original purchase confirmation, and the broker does not have records going that far back. What can I do to determine cost basis, and generally how do I deal with the gains (it was profitable) vis-a-vis taxes?

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You may want to contact the company to see if they have a record of the trading prices for the year it was purchased. I would suggest taking the mean between the hi and lo closing prices for the year it was purchased.

Call the Company and speak with Shareholder Relations dpt.

Once you get your "estimated cost per share" from them subtract it from the net sale proceeds in order to determine the gain.

Gains are reported on Schedule D

Pete
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