‘Your Money’: A gift of stock requires recordkeeping | Business

Desy Papper

Little did “Ivan” know that it would have been a good idea to record the cost bases (the original prices) of the five stocks his grandparents gave him 20 years ago, along with the cost bases of the dividends he reinvested in those stocks after receiving the gift. Now that […]

Little did “Ivan” know that it would have been a good idea to record the cost bases (the original prices) of the five stocks his grandparents gave him 20 years ago, along with the cost bases of the dividends he reinvested in those stocks after receiving the gift.



Now that Ivan’s thinking of selling those stocks, the cost bases (showing up as all zeros on his brokerage statements) need to be researched and updated for tax purposes.


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Julie Jason, JD, LLM, is an author and personal portfolio manager at Jackson, Grant of Stamford, Conn. She welcomes questions and comments at [email protected]

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