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Westward221
Returning Member

Cost Basis For Stock Sale

I am helping a family member file her taxes. She has a stock sale with no basis value and no way of determining it. She had a similar situation previously, and her tax preparer determined a ten year average value for the basis value of the stock. Is this an acceptable method for determining basis, or should I use another method?

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2 Replies

Cost Basis For Stock Sale

did she sell the same stock?

Use the same basis value again this year.

Westward221
Returning Member

Cost Basis For Stock Sale

No it is a different stock.

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