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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Colin Cody who wrote (305)12/23/1997 10:21:00 PM
From: Bob Morris  Read Replies (2) of 5810
 
Here is a tax question that I need an answer to quickly so that I can make some decisions about year-end taxes. I had bought some stock 10 years ago which has since split. What do I use as the cost basis for the split shares that I sold--the original cost or the market value of the stock at the time of the split? Thanks in advance for anyone who can help. Bob MOrris
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