No. of Recommendations: 0
I'm talking about stock in a DRIP for well over ten years. In terms of records, I have end of the year statements for all years, which include the entries for all four quarters, but we are talking about well over forty different purchases each at a different price. Am I really expected to list all these to get to a total cost basis? Also, if I reported the dividends based on each year's 1099, if I modify cost basis based on DRIP purchase, aren't I setting myself up to be taxed twice on those dividends?
I just saw that in the new 8949, there is an option to combine several purchases and say "various" in column (c) date acquired. Is there a reasonable way to figure an overall cost basis (or two - long and short term) to go with such an entry?
Thanks for any advice you can provide.
Print the post  


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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.