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Special rules apply to stocks, principally because the IRS thinks you should have really good records for your cost basis. If you had acquired them through a d
by patio11 13y ago
Special rules apply to stocks, principally because the IRS thinks you should have really good records for your cost basis. If you had acquired them through a dividend reinvestment plan (DRIP) average market price over time is exactly what you'd use.
- hundt 13y ago"If you had acquired them through a dividend reinvestment plan (DRIP) average market price over time is exactly what you'd use." I think that is allowed for mutual funds, but not stocks. http://www.irs.gov/Help-&-Resources/Tools-&-FAQs/FAQs-for-Individuals/Frequently-Asked-Tax-Questions-&-Answers/Capital-Gains,-Losses,-Sale-of-Home/Stocks-(Options,-Splits,-Traders)/Stocks-(Options,-Splits,-Traders)-3 http://www.irs.gov/Help-&-Resources/Tools-&-FAQs/FAQs-for-In...