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At the conclusion of a GRAT what is the cost basis of the stock for the beneficiary grantors original cost or grantors cost on the date GRAT started or cost on the date of transfer to the beneficiary?
Cost basis is equal to cost basis of original grantor plus any gift tax paid (the same as if the beneficiary had received the stock directly as a gift)
What is the cost basis of a share of Avaya stock when spun off in 2000?
20.5$per share
What is the cost basis for restricted stock units when you sell them?
Restricted Stock Units (RSU) Sales and Tax Reporting from The Finance Buff: http://thefinancebuff.com/restricted-stock-units-rsu-sales-and.html
What cost basis should I use to figure out capital gain for stock which was a gift?
If the fair market value (FMV) of the stock was greater than the donor's adjusted basis at the time of the gift, your basis is the donor's adjusted basis plus any gift taxes paid at the time of the gift. http://www.irs.gov/faqs/faq-kw77.html
If you buy 1000 shares of a stock with a 10 Commission and then sell 100 of it with a commission of 10 and then sell 900 later with a 10 comission what is the cost basis of the 100 and 900 shares sold?
To determine cost basis you want to take the total amount paid + commission and calculate your cost per share. Lets say the stock was $10 per share and you bought 1000 shares with a commission of $10. Total cost would be $10,010. Divide that number by 1000 to get your cost per share. This equals $10.01 per share. If you sold 100 shares your cost basis is $1001. If you sold 900 shares your cost basis is $9009. To go one step further when you sell the stock subtract the commission from the sales proceeds. If you sold 100 shares of the stock at $15 with a $10 dollar commission then your total sales proceeds will be $1490. Now just take the sales proceeds of $1490 - the cost basis of $1001 to determine your capital gains or losses. In this example you have a gain of $489. Use this same process to determine gains and losses for the other 900 shares.
What is the cost basis for a stock gift?
The cost basis for a stock gift is the original price paid for the stock by the person who gifted it.
How do I find the cost basis for old stock?
To find the cost basis for old stock, you can calculate it by adding the original purchase price of the stock to any additional costs such as commissions or fees paid at the time of purchase. This total amount is your cost basis for the stock.
What is the cost basis of Lucent stock spun off in 1995?
The cost basis after the spin off was 27.99. In addition, the at-cost basis was at 72.01 of previous basis.
How do I calculate the cost basis for inherited stock?
To calculate the cost basis for inherited stock, you typically use the value of the stock on the date of the original owner's death. This is known as the stepped-up basis. You can also adjust the basis for any additional expenses or fees incurred during the inheritance process.
At the conclusion of a GRAT what is the cost basis of the stock for the beneficiary grantors original cost or grantors cost on the date GRAT started or cost on the date of transfer to the beneficiary?
Cost basis is equal to cost basis of original grantor plus any gift tax paid (the same as if the beneficiary had received the stock directly as a gift)
How can one determine the cost basis of old stock?
To determine the cost basis of old stock, you can calculate the original purchase price of the stock, including any fees or commissions paid at the time of purchase. This information can be found in your records or by contacting the brokerage firm where the stock was purchased.
What is the cost basis of my RSU with a value of 0?
The cost basis of your RSU with a value of 0 is typically the fair market value of the stock on the date it vested.
What cost basis of stock acquired by transfer on death when it is sold?
The cost basis of stock acquired by transfer on death (TOD) when it is sold is typically the fair market value of the stock on the date of the original owner's death. This is known as a "stepped-up" cost basis. This means that any potential capital gains or losses upon the sale of the stock will be calculated based on the value at the time of the original owner's death, rather than their original purchase price.
What is the importance of understanding the cost basis when gifting stock to someone?
Understanding the cost basis when gifting stock is important because it determines the potential tax implications for both the giver and the recipient. It helps ensure accurate reporting of capital gains or losses when the gifted stock is eventually sold.
How do you calculate the cost basis for RSUs?
To calculate the cost basis for Restricted Stock Units (RSUs), you typically start with the fair market value of the RSUs on the date they vest. This value is then used as the cost basis for tax purposes when you sell the RSUs in the future.
What is the cost basis of a share of Avaya stock when spun off in 2000?
20.5$per share
What is the adjusted cost basis for RSUs?
The adjusted cost basis for Restricted Stock Units (RSUs) is the original value of the RSUs plus any additional income recognized when the units vest.
