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Re: Tax Reporting Reinvested Dividends
Old 03-23-2006, 02:47 PM   #21
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Re: Tax Reporting Reinvested Dividends

Quote:
Originally Posted by larry
My FIL had made a $1700 purchase of Lord Abbet Affiliated fund in 1955
So whats it worth now?
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Re: Tax Reporting Reinvested Dividends
Old 03-23-2006, 02:50 PM   #22
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Re: Tax Reporting Reinvested Dividends

I think he said around $250k. I think he said he had about $18k in cap gains for 2005. (I calculated the cap gains and amount and it had to be $18k for 2005). Sorry for the mistake. My memory is the second shortest thing on me.
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Re: Tax Reporting Reinvested Dividends
Old 03-23-2006, 02:53 PM   #23
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Re: Tax Reporting Reinvested Dividends

Quote:
Originally Posted by Nords
Or, as he may be doing, let the heirs worry about it...
That's why I'm asking now. That seems to be one of the hardest things to talk about, OPM! Funny how people will go on tv to talk about their sex life or mental problems yet get decidely quiet when talking about money.
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Re: Tax Reporting Reinvested Dividends
Old 03-23-2006, 03:15 PM   #24
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Re: Tax Reporting Reinvested Dividends

At death cost basis is reset to current market value.
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Re: Tax Reporting Reinvested Dividends
Old 03-23-2006, 03:17 PM   #25
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Re: Tax Reporting Reinvested Dividends

I'm just concerned he'll try to sell and get stuck with paying too much in taxes without having the needed information.
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