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Re: Tax Basis

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Posted by Mark on February 28, 2005 at 09:45:50:

In Reply to: Tax Basis posted by Gordon on February 26, 2005 at 20:49:26:

: Mark, how can I show an initial tax basis of "zero" for shares of stock received as a policy holder from the demutualization of a life insurance mutual company? The company assures me that this is the case.

Hi Gordon,

When you record the purchase, record the number of shares you received, and
for the price paid just record $0.

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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