Re: DRIP Question
Oh yea, Oh yea, Oh yea!
Adjusted tax basis in ALL it's nefareous forms. 37 stocks - two drawer file cabinet of folders. The really pesky ones are the spin offs that get away from you. I have 3 shares of UBS ag (no DRIP) via the old Paine Webber, 11 shares of Anadarko Petroleum via spin off AND merger from Union Pacific and a few others. The easy part is the 1099 - div each year. Make sure you readjust your tax basis/share to reflect reinvested divs. The merger for shares plus some cash - partial spin -offs, and the unplanned all cash buyout, or OR the surviving company doesn't have a DRIP plan leaving you an odd lot to sell. Since 1989, my accountant's hair has gotten steadily grayer - she always puts on a brave face and says no problem - what a trooper.