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How do I determine the cost basis and gain or loss for stocks I received as a child if there are no records?
My Dad gave me some AT&T stock sometime between 1948 and 1962 (i.e., between birth and 8th grade) but I have no recollection or any records of this gift. Dad passed away several years ago. I received quarterly dividends and know the stocks split in the 1980s. I ended up with 26 shares of AT&T and sold them through Computershare in July 2015. Computershare used the FIFO cost basis method and the gross amount of sale was $907. I did not get a form 1099-B and the Computershare sales form shows "N/A" for covered cost basis, etc. How do I determine the cost basis to report any gain or loss to the IRS for Federal income tax purposes?
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‎June 5, 2019
10:27 PM