We made a donation of stock from a mutual fund we owned over 20 years with unknown tax basis because of all the reinvestments. How do we report the figure.
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We made a donation of stock from a mutual fund we owned over 20 years with unknown tax basis because of all the reinvestments. How do we report the figure.
posted
June 6, 20198:14 AM
last updated
June 06, 20198:14 AM
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We made a donation of stock from a mutual fund we owned over 20 years with unknown tax basis because of all the reinvestments. How do we report the figure.
When the program asks for the basis make an educated guess ... you know it was less than the fair market value today so you will be good.