SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (305)12/23/1997 10:21:00 PM
From: Bob Morris  Read Replies (2) | Respond to 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



To: Colin Cody who wrote (305)12/24/1997 1:22:00 AM
From: Mike Hagerty  Respond to of 5810
 
Thanks very much. I appreciate your help.



To: Colin Cody who wrote (305)12/26/1997 5:21:00 PM
From: Sonki  Read Replies (2) | Respond to of 5810
 
colin, important consider: take profit this year to reduce you agi income so u may qulify for Roth next year.

what is so special about July 29th? did u mean 97 or 87?

assuming i m in the highest bracket then

0-12 mon. = oridnary income? state and fed tax?
12=18 month = long term cap gain @28% ? i.e. no state tax etc.
18+ month after may7th = 20%?

are these correct assumptions?

thanks in advance.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News