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Do we use last known date and price for 2018 Mutual fund sale if purchased prior to 1999 and no records prior?
Sold father in laws mutual fund in 2018 including all reinvested dividends. Understand the cost basis and adjustments, but a sizeable portion was evidently purchased before 1999. We have paperwork and reinvested dividends from 1999/2018 but nothing prior due to lack of paperwork ( 1099's) and poor paper trail through 3 brokerages. Any idea how to determine original cost basis on the remaining portion purchased prior to 99. Should we use the last available price? Last time identified? Understandably the fudge factor since no one has a clue when this was purchased, perhaps even in the 70's.
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‎June 3, 2019
10:14 AM