AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.