Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 1, 2019 8:48:18 AM

How to establish cost basis in the absence of records

About 40 years ago my father gave me 75 shares of Dominion Corp, now Dominion Energy. I reinvested dividends over the years, accumulating 390 shares which my broker sold in 2017. Recently the broker sent an accounting of this sale (1099-B) for my 2017 taxes, but with no cost basis for 350 of the shares. Perhaps Dominion has no records on share purchases before a certain date, and I did not keep the annual accounting. Over the years, dividends paid and share prices fluctuated considerably. Is there a way to establish or estimate a cost basis for those Dominion shares?

0 1 5302
1 Replies
Level 5
Jun 1, 2019 8:48:29 AM

Please see the below FAQ regarding calculating your cost basis, if not obtained from the broker:

https://ttlc.intuit.com/replies/3300454