Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121223  
Subject: Re: A Brain-Teaser ESOP Tax Question Date: 7/18/2014 1:43 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
notehound

<<<For the one I currently have shares through, getting the purchase price is just a matter of opening the web browser and going to the website of where my shares are held - they have all the information on acquisition date, purchase price, etc. for each lot.>>>

"In this instance, they have the table of purchase prices over the years based on information provided by the company. However, the shares have been through 3 or 4 different brokerages, as the company changed custodians over the years. Matching the lots will be virtually impossible, other than taking the monthly amount contributed and backing into the number of shares that would have been purchased each 6 months or year and backing into the basis taking into account conversions, splits and reverse splits."

If the person is disposing of all of the shares, why is matching lots of any consequence? As long as long-term and short-term holdings can be differentiated (and all shares are sold), then one needs only total basis for long-term holdings and total basis for short-term holdings. Given that short term is within the last year, that should not be so difficult to calculate.

Regards, JAFO
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | 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.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
Post of the Day:
Macro Economics

Should You Be an Index Investor?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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