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Free stocks

Pymalovefarm

I get a couple free stocks from Stash each month. Like $.20 worth at a time. Do I just record these as stock purchases with the price paid as $0? Or is there a different way that I should be entering these transactions?

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Comments

Jim_Harman

If when you sell them you will have a capital gain of the full value of the stocks, then yes you would record that as a Buy with a price of $0.00.

If there was cash in your account that they used to buy the stocks, then it would be a Buy for the amount of the cash.

Study your statement carefully or contact Stash to see how the cost basis of the "free" stocks is treated.

bmciance

Really the key is whether Stash will include the value if the "free" stock in a 1099 sowing as income to you. If so, then you would use that as your cost basis. If not then your cost is 0 and you would have a full gain when you sell it.