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Wayne Brasch
Wayne Brasch, Accountant and Business Consultant
Category: Tax
Satisfied Customers: 1298
Experience:  Master of Science in Taxation. Tax experience since 1963.
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How do I calculate the cost basis for stock I sold

Resolved Question:

I sold 59.288 shares of Allstate stock and I need to find out what the cost basis is so I can file my taxes. I can''t locate any old statements, so I don''t remember what I paid for the stock originally.
Submitted: 8 years ago.
Category: Tax
Expert:  Wayne Brasch replied 8 years ago.
Contact a stockbroker and give them the dates you initially bought that stock. They should be able to help. Can't you call the original person who sold that stock to you?
Wayne Brasch and 2 other Tax Specialists are ready to help you
Customer: replied 8 years ago.
I don't have the date of the original stock purchase. I received this stock as it spun off from Sears stock that I owned. That stock was purchased when I worked for Sears, but my employemnt with them ended in 1992.
Expert:  Wayne Brasch replied 8 years ago.
Contact a stockbroker and tell them about this spin off from Sears. They should be able to help you determine your original cost basis.

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