Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Why am I determining the cost basis of the stock? Is that 14k of current value or of original cost basis? Don't see where that fits in. I wasn't thinking about 'stepped up cost basis' - I knew that didn't apply.

You said your mother gave you $24K, and it is invested in various stocks. If that was $24K in cash, then it is close to the cost basis of all of the stocks.

It doesn't tell your sister the cost basis of the individual stocks. You should give your sister statements showing the purchase of the shares.

Were any dividends reinvested? Your sister will also need the cost basis of any shares bought with reinvested dividends.
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.