ritaburd
Returning Member

Common Stock Cost Basis vs. YE Book Value vs Typical Purchase Price

Year-end 1994 Book value of Common Stock at time of Asset transfer to Trusts $80/share.  Throughout the stock history, shares have typically sold for 60% of Book Value.  What cost basis do I enter in TurboTax?  $80/share X 60% = $48/share ... $48???  What do I enter in "Accrued Market Discount.?