Accountant Forums


Reply
Thread Tools

Calculating Cost Basis for AT&T, Verizon, and Vodafone

 
 
Junior Member
Join Date: Mar 2011
Posts: 1
Thanked: 1
 
      03-29-2011, 03:41 PM
I have a client who inherited shares on AT&T from her father in 1971. Through the antitrust case and the subsequent acquisitions and mergers she acquired stock in the current AT&T, Verizon Communications, and Vodafone.

Is the cost basis for all of these the the cost of the original AT&T shares at the time they were inherited?
 
Reply With Quote
 
 
 
 
Junior Member
Join Date: Mar 2011
Posts: 2
Thanked: 0
 
      03-30-2011, 03:41 AM
As I understand it, to calculate the cost basis you start with the market value at the time your client acquired the original AT&T shares; then go through the steps to determine the cost basis of the seven operating companies and their subsequent splits, mergers and spin off companies. To find the information needed to use in calculating the current cost basis of the individual shares your client now owns go to the websites of each of the individual stocks under investor relations or shareholder services --cost basis.
 
Reply With Quote
 
 
 
 
Junior Member
Join Date: Mar 2011
Posts: 9
Thanked: 0
 
      03-31-2011, 02:15 PM
If you trade through a broker or your bank or whoever you purchase your stocks and funds through might keep accurate records of cost bases for your holdings, thats the easiest way, try asking them.
 
Reply With Quote
 
 
 
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
local or big companies for retirement and TOD itchyneebanshee@hotmail.com Financial Planning 0 04-05-2013 10:12 PM
Mutual fund average basis rule - when can you revert to cost basis (actual cost of each share)? Mark Freeland Tax 1 11-28-2008 05:21 AM
Calculating cost basis on ESPP shares in a foreign stock mojambo@earthlink.net Tax 0 01-23-2007 07:04 AM
Vodafone return of capital Chris Balmer Microsoft Money UK 4 08-30-2006 11:54 AM
Barclaycard and Vodafone drop Nectar points zkat UK Finance 7 08-02-2005 07:33 PM


All times are GMT. The time now is 06:23 AM.
Posts in this forum do not constitute the advice of AccountantForums.com or its members. Financial advice should always be taken from qualified advisors before committing to a financial decision.