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Lev
Lev, Tax Advisor
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How do I determine the purchase price of a stock I bought I-dont-recall-how-man

Customer Question

How do I determine the purchase price of a stock I bought I-don't-recall-how-many years ago? I don't keep good records. Is there some method I can use to figure this out?
Submitted: 5 years ago.
Category: Tax
Expert:  Lev replied 5 years ago.

Continental Airlines, Inc. is traded on NYSE with the symbol "CAL"

You may find the stock price from Sep 11, 2001 to Dec 31, 2001 here - http://finance.yahoo.com/q/hp?s=CAL&a=08&b=11&c=2001&d=11&e=31&f=2002&g=d

 

You need to do your best to find out the purchase date and based on that - you will able to determine the purchase price.

The better you can determine the purchase date range - the more accurate would be the purchase price.

Continental Airlines did not pay any dividends - so you should not worry about adjustments.

 

Please let me know if you need any help.

 

Lev, Tax Advisor
Category: Tax
Satisfied Customers: 22643
Experience: Taxes, Immigration, Labor Relations
Lev and 2 other Tax Specialists are ready to help you
Customer: replied 5 years ago.
Hi LEV,

Thanks, XXXXX XXXXX have thought of that, but you saved me a lot of time. I think I should be able to work backwards from the number of shares I owned and the amount I spent on them (I think just $1000). Are you allowed to put a date range on the tax form, or the method by which you determined the price?

thanks!
gary

Expert:  Lev replied 5 years ago.

As you purchased shared long ago - that would be long term gain/loss - reportable on the schedule D part II - http://www.irs.gov/pub/irs-pdf/f1040sd.pdf

If you know the total purchase price - just use it as your basis.

If you can;t find out exact date - make the best guess - as long as this will be more than a year and the cost basis will not be affected - there will not be difference in calculation of your gain/loss.

If you purchased on several occasions - put "VARIOUS" in the field for purchase date.

 

Please let me know if you still need any help.

 

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