Stock Cost Basis

Cowboy10 — Tue, 10 Feb 2026 09:07:06 GMT

My Father received shares of stock about 35 years ago as a part of his retirement compensation. How do I determine the cost basis on shares sold in 2023?

Re: Stock Cost Basis

DianeW777 — Tue, 30 Jan 2024 15:46:12 GMT

It depends. If your Father actually had not cost or the value of the shares were not included in his taxable income in the year received, then he would have a zero cost basis and the full proceeds would be taxable. If your Father believes he did have a cost or had income included when they were received, then you can check with a stock broker or the internet for the value of the stock on the day he had full access and ownership of the stock.

How do I find a stock's cost basis?

topic Stock Cost Basis in State tax filing

Stock Cost Basis

Re: Stock Cost Basis