JustAnswer > Tax
Ask A Question|Register|Login|Help
JustAnswer

Tax

Ask a Tax Question, Get an Answer ASAP!

Have your own Tax question?

6 Tax Professionals are Online Now
characters left:
Not a Tax Question?

Related Tax Topics:

  • Irs
  • ,
  • Cost
  • ,
  • Long
  • ,
  • Lost
  • ,
  • Sold
  • ,
  • Year
  • ,
  • Bonus
  • ,
  • Claim
  • ,
  • Money
  • ,
  • Stock
Bookmark and Share

Question

We sold all of the various stocks we had in 2006.. About 9 all together for a total of about $4500. These stocks were my husband long before we were married 15 years ago.. Now we are tring to do our taxes.. He has NO records of any kind. NO idea when he bought,how much, how much has been put in. I know we lost money on all these stocks. How do we claim on our taxes? Im confused

Submitted: 971 days and 14 hours ago.
Category: Tax
Value: $9
Status: CLOSED
+
Read More

Optional Information

Optional Information:
Middleboro, Massachusetts

Already Tried:
Nothing

Accepted Answer

You will have to contact the financial institution handling your stock account and see if they can help. The burden of proof is on you to prove the cost price should IRS need information.

If you know the year you purchased, you may want to determine the price based on some such information such as payment from bank account etc..

 

Let me know if you have any question. Bonus and Feedback will be highly appreciated!!!

 

Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases.

Picture
Expert: RD
Pos. Feedback: 99.4 %
Accepts: 
Answered: 3/27/2007

Certified Public Accountant (CPA)

CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..

+
Read More

Related Tax Questions

  • How is the economy affecting mcdonalds corporation?
  • why do i have to pay income taxes? ...
  • What is a CRM and how can it help my Business?
  • i recieved your email.i try my best to find the answer and ....
  • We are in the middle of a 36 month bankrupsy filing, I ...
  • I haven't received my w-2 form from a prev.
  • What can real estate agents deduct?
  • medical deductions



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.