Lost records stock purchase date?

Discussion in 'US Taxes' started by JJ, May 26, 2007.

  1. JJ

    JJ Guest

    I have a problem. I have lost a brokerage account and their statement
    showing my cost basis for a stock.
    I know that sometime between 10/20/04 and 12/29/04, I purchased 500 shares
    of stock, but I don't know what brokerage was used. I've able to pin down
    the dates because I closed out one brokerage account on 10/20/04. On
    12/29/04 I transferred the new shares into a 3rd account, but don't
    know where the shares were for approximately 2 months. The incoming
    transfer came from Pershing, but that seems to be a clearing house for
    several brokerages.

    Since I know the time period when the stock was purchased,
    (10/20/04-12/29/04) would the IRS accept the average closing price
    for that date range as a cost basis?

    This is very vexing to me because I'm a pack rat and have records going back
    to 1970, I just can't find this one.

    Thanks,
    Joe
     
    JJ, May 26, 2007
    #1
    1. Advertisements

  2. JJ

    jparra1944

    Joined:
    Mar 16, 2012
    Messages:
    1
    Likes Received:
    0
    I have lost a brokerage account and their statement
    showing my cost basis for a stock.
    .

    Since I know the time period when the stock was purchased,
    (1/10/1994- 3/4/1994) would the IRS accept the average closing price
    for that date range as a cost basis?

    jorge
     
    jparra1944, Mar 16, 2012
    #2
    1. Advertisements

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments (here). After that, you can post your question and our members will help you out.