How to Update historical stock price for specific "Lots" ?

r-e-l

I have many transactions where my employer, part of benefits deposited stocks to my broker account. (every six month for many years - added a few).

What I didn't realize/paid attention at the time is that when the stocks were added, there wasn't a stock price. I assume because it was not traded however, for Tax reasons, I will need to report the value of the stock grant no matter how small it is.
For that, I guess I can use the close day value of the stock on the day of the grant.

So now the question is:
Can I go an edit (in an easy way as we are talking about ~ 100 lots) the price of the stock on the day it was given?

essentially for any "add" transaction that is missing a stock price, edit the per price value by the value of the close on that day.

thanks

Jim_Harman

r-e-l

Jim_Harman

splasher

Tom Young

r-e-l

r-e-l

mshiggins

I agree with splasher, the total cost of the lot along with number of shares is what gets reported to the IRS for covered securities.



Fidelity should have trade confirmations that provide the total cost for the lot.

r-e-l

Tom Young

mshiggins said:

I agree with splasher, the total cost of the lot along with number of shares is what gets reported to the IRS for covered securities.



Fidelity should have trade confirmations that provide the total cost for the lot.

The most accurate per share information is the per share "fair market value" used by the employer to determine the compensation income to include on your W-2:

(# of shares received) x per share fair market value on date of issuance = Cost of the lot.

I'd think you'd have been receiving statements with each delivery, from your employer, explaining all this.  But if you don't have anything in hand then the only way to get those lots' basis "close enough" is to look up the closing stock price, or maybe the average of the high and low for that day, or something else that you feel you could defend to the IRS.  (There's no "cookbook" formula that the IRS publishes for this.)

You can always ask Fidelity if they have the information, and I'd think they would, at least for years before 2004(?)  (After 2004(?) the IRS is only required to report your "out of pocket" cost which for you is $0.)

mshiggins

mshiggins said:

I agree with splasher, the total cost of the lot along with number of shares is what gets reported to the IRS for covered securities.



Fidelity should have trade confirmations that provide the total cost for the lot.

Did you look at the trade confirmations?

Beijing Mac

just bite the bullet and start adding the share price, you've spent so much time looking for other solutions you could be done by now.  you are talking about a transaction 2 times a year.

r-e-l

q_lurker

mshiggins

r-e-l