604317
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do we determine cost basis of 10 shares purchased in 1995, 2 stock splits later, left the company in 2015 and sold shares in 2016?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

How do we determine cost basis of 10 shares purchased in 1995, 2 stock splits later, left the company in 2015 and sold shares in 2016?

Not enough information, but I'll assume that you bought 10 shares of a stock in 1995 and did not buy any more.

The stock split twice, giving you more shares. I'll assume that the splits were 2 for 1. After the first split you would have 20 shares and after the second split you would have 40 shares. As long as you didn't buy more, your basis is what you paid for the original 10 shares.

View solution in original post

1 Reply

How do we determine cost basis of 10 shares purchased in 1995, 2 stock splits later, left the company in 2015 and sold shares in 2016?

Not enough information, but I'll assume that you bought 10 shares of a stock in 1995 and did not buy any more.

The stock split twice, giving you more shares. I'll assume that the splits were 2 for 1. After the first split you would have 20 shares and after the second split you would have 40 shares. As long as you didn't buy more, your basis is what you paid for the original 10 shares.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question