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?

timothyrakas63 · ‎January 26, 2020

JohnB5677 · ‎January 27, 2020

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 · ‎January 27, 2020

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 · ‎January 27, 2020

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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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?