3min chapter

Jill on Money with Jill Schlesinger cover image

Borrowing From 403(b)

Jill on Money with Jill Schlesinger

CHAPTER

Calculating Cost Basis and Capital Gain of a Stock Purchased in the 90s

This chapter delves into determining the cost basis of a stock acquired in the mid-1990s, pointing out that it involves the original purchase price and reinvested dividends. It further explores the computation of capital gains upon selling the stock and the associated tax consequences, indicating a potential tax rate of approximately 15% of the overall gain.

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