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?
031184
3 Replies
JohnB5677
Expert Alumni
Jan 27, 2020 1:04:52 PM
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
TomD8
Level 15
Jan 27, 2020 1:39:13 PM
Your cost basis is the value of the stock (plus commission, if any) on the day you acquired ownership.
Anonymous
Not applicable
Jan 27, 2020 1:47:50 PM
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.