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I bought 200 shares of a stock many years ago at $55 per share.

Customer Question
It has split many times...
I bought 200 shares of a stock many years ago at $55 per share. It has split many times and I now have 1600 shares. I am planning to sell them all. How do I report this to the IRS? I know the date of each stock split but not the price of the stock at that time.
Submitted: 7 years ago.Category: Tax
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10/2/2010
Tax Professional: Richard, Tax Attorney replied 7 years ago
Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,806
Experience: 29 years of experience as a tax, real estate, and business attorney.
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Good morning. As long as you are selling all the stock, it really doesn't make any difference because you know your total basis and your total sale proceeds. You only need to break it down if you are only selling a portion of the shares.

 

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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.

Richard
Richard, Tax Attorney
Category: Tax
Satisfied Customers: 55,806
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