Skip to main content
Level 1
January 6, 2023
Solved

Missing Cost Basis

  • January 6, 2023
  • 1 reply
  • 7 views

What does one do if they are unable to document a cost basis for a closely held company inherited thirty two years ago. 

Best answer by Anonymous_

You might very well have to use a cost basis of zero ($0) for an interest inherited that long ago.

 

However, you might want to contact a business appraisal service in your area. 

1 reply

Level 15
January 6, 2023

You might very well have to use a cost basis of zero ($0) for an interest inherited that long ago.

 

However, you might want to contact a business appraisal service in your area.