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I am an Enrolled Agent and have 9 years of Tax Preparation and Tax Representation experience. I also am a former Series 7 Stockbroker.
Do you happen to have t any information about how much he had to pay in the documents you have related to the stock option? Or do you have the date the stock option was exercised?
Was he granted the shares as an employee of Verizon?
This is going to be difficult. So this was New England telephone stock that was converted to Verizon Stock when Verizon purchased them. Does that sound about right?
Outside of actual Verizon personnel, I do not know who could help you with this issue. I have found the Verizon Investor information page. You may be able to e-mail them and they might be able to assist you. Basis is, as you may or may not know, the total cost of purchasing the stock. It may be very low and not necessarily have a major affect on your father's capital gain because many stock option grants to employees are usually priced very low.http://www.verizon.com/about/investors/contact-investor-relationsI hope I have been able to effectively answer your question. If not, please contact me again. If I have, please kindly go ahead and rate my answer. Thank you, ***** ***** a great day.
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