cpa7773 Posted March 17, 2020 Report Posted March 17, 2020 Client bought the shares 60 years ago.Sales proceeds are there in the tax information and mentioned that basis is not reported to IRS. How I can report this? Quote
Lion EA Posted March 17, 2020 Report Posted March 17, 2020 Have your client research his cost basis in his shares. Purchase document. Broker. Investor Relations at the company. If you have time, help him remember date and look up on BigCharts.com. Use zero for basis. 1 Quote
Roberts Posted March 17, 2020 Report Posted March 17, 2020 Did they really buy it 60 years ago or did they inherit it? Did they have a certificate? It would have had a date on it. Multiple websites will give you a price as of a particular date. 4 Quote
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