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Question

For a DRIP stock with no cost basis, I followed your instructions and got dollar amount of reinvested dividends. Now where do I enter that on my turbo tax form

Forum|Forum|3 months ago
March 22, 2026
1 reply
81 views

No text available

Level 15

The amount of the reinvested dividends IS the cost. Did you sell all the shares? How did you acquire the stock in the beginning? Didn’t you buy the first shares?

If you reinvested the dividends and bought more stock or shares you need to add the dividends to your cost basis so you don't pay tax on them again. A reinvested dividend is really 2 transactions, a dividend and a buy. You got a Dividend and then you bought more shares.