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My daughter had an amount of Lucent insuffiecient to get any Avaya stock so she received a checkor the fractional shares. This dates back to AT&T stock purchased around 1982. Is there anyway to just pay tax on the full amount of $6 and give up on figuring out the cost basis ?

thanks
rad
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Absolutely. You can always report a lower cost basis and pay more tax than you have to. In this case, the tax on $6 is inconsequential.

Ira
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Of course!

Just report it with a $0 basis.

In fact, using a $0 basis is what you are supposed to do if you cannot determine your basis.

Mike Lynch
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reallyalldone,
Just ran into the same situation -
received a $9 check and claimed cost basis of zero.

Now my question is, do we add on that amount to our cost basis of Lucent?

Thanks in advance for all info!
Darn
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