Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Ok. It's still a little confusing. For example, you say you had three sales in 2000, but I only count two:

- the sale of fractional shares when you terminated the DRIP and xferred whole shares to buyandhold, and
- the liquidation of what remained of DRIP account after only part of it was transferred.

(It's not clear what you mean when you say "there was a selling fee, paid for by selling shares." Unless you actually made a third sale, say from the buyandhold account, then the fee - I assume charged by EK to liquidate the DRIP - is really just a basis adjustment...)

Well, never mind. Re your questions,

1) I think it's quite reasonable to just forget the amended returns, given the small dollar amount involved. The likelihood of your getting audited and having to substantiate your basis numbers is pretty much zero...

2) By all means, do the basis thing correctly with the 1999 shares, that is, use actual cost of shares (plus the usual commission/fee adjustments).


P.S. This Carolina grad is always happy to sort out things for a confused Dookie.
Print the post  


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.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
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.