topic 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? in Investors & landlords

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 — Mon, 27 Jan 2020 01:13:43 GMT

Re: I sold 9 shares of Prudential stock that i received when a small in policy was converted to s...

JohnB5677 — Mon, 27 Jan 2020 21:04:52 GMT

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

Re: I sold 9 shares of Prudential stock that i received when a small in policy was converted to s...

TomD8 — Mon, 27 Jan 2020 21:39:13 GMT

Your cost basis is the value of the stock (plus commission, if any) on the day you acquired ownership.

Re: 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?

Anonymous — Mon, 27 Jan 2020 21:47:50 GMT

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.