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Get your taxes done using TurboTax
Unknown basis
You have to report the sale on your tax return. Lacking any cost basis, the IRS will consider the entire sale amount as taxable. So, you need to make your best effort to determine the original cost basis, even if (worst case) it's a guess. Historical prices of publicly traded stocks are readily available on the internet and should, at least, satisfy the IRS that your basis wasn't zero; just "google" “Historical Stock Prices". I use http://bigcharts.marketwatch.com/historical/. The stockholder relations dept. at the company may be able to help.
I’ve heard there is a place called Netbasis.com , that will provide your cost basis for a fee, but I cannot vouch for them.
April 6, 2021
4:54 AM