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What is a reasonable way to determine basis of stocks when the purchase records burned but the purchase month is remembered? Average closing cost that month?
In this case, the month of purchase is remembered as the month of the surviving spouse's retirement, but all records burned, and the brokerage that sold the stock went out of business many years ago. Could one select the closing cost on the middle date of the month as a reasonable basis? The average of closing costs on all dates of the month? Is there some more defensible or better way to do this?
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‎April 18, 2022
9:23 AM