Cost basis of transferred stocks

iras1 on

In a message dated 3/24/2012 3:10:40 P.M. Eastern Daylight Time, etana.finkler@gmail.com writes:

Laurie and club cafe,

When the Stockettes Investment Club disbanded, 2 securities were transferred to me.

Is my cost basis, for tax purposes, the closing price on the day that TD Ameritrade lists the stocks as coming in to my portfolio?

No. Your cost basis is shown on your withdrawal report.

Also, when I finally sell these 2 securities, will I or the ex-members of the ex-Stockettes need to know the cost basis at which we bought those 2 stocks? I forgot to write that down from the bivio account, and now I don't have access to the closed bivio account:

No. All you need to know is provided on your withdrawal report. It will list the purchase date(s) and the adjusted cost basis.

Ira Smilovitz

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