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timothyrakas63
New Member

I sold 9 shares of Prudential stock that i received when a small in policy was converted to stock. How do I calc my cost basis since I did not buy it?

 
3 Replies
JohnB5677
Expert Alumni

I sold 9 shares of Prudential stock that i received when a small in policy was converted to stock. How do I calc my cost basis since I did not buy it?

You will need the date that you acquired the stock.  

You could then contact Prudential, or

there is a public web site from MarketWatch that may help you  MarketWatch stock Quotes

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TomD8
Level 15

I sold 9 shares of Prudential stock that i received when a small in policy was converted to stock. How do I calc my cost basis since I did not buy it?

Your cost basis is the value of the stock (plus commission, if any) on the day you acquired ownership.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
Anonymous
Not applicable

I sold 9 shares of Prudential stock that i received when a small in policy was converted to stock. How do I calc my cost basis since I did not buy it?

how much is involved? not much I would guess.      there is a 0% tax bracket for a portion of qualified dividends and long-term capital gains.  try use $0 as cost and then the sales price as cost.  if no or only a small change in tax, you may want to save yourself some work by using $0 as cost.   

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