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Lose your investment records?

Personal Finance editor
huntley

HELEN
HUNTLEY

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By HELEN HUNTLEY

© St. Petersburg Times, published February 20, 2000


If you sold stock or mutual fund shares in 1999, you need to know your cost basis to figure out your capital gain or loss. If you have lost your records, you are required to make a good-faith effort to reconstruct the information -- unless you want to pay tax on the full amount of the sale proceeds. Here are some steps you might take:

Ask your stockbroker for help or ask the brokerage firm to supply you with a history of your account activity. (There may be a charge.)

Ask the mutual fund company or the transfer agent servicing a stock dividend reinvestment program for a history of your account activity.

Check old tax returns for information about dividend payments. Reinvested dividends should be added to the cost basis for your investment because you already paid taxes on them.

Look up old share prices. Many libraries have old newspapers on microfilm, and some historical information is on the Internet. Try the Silicon Investor (http://www.siliconinvestor.com) -- enter the ticker symbol to get the current stock price, then click on historical prices.

Check with a company's investor relations department for a history of stock splits and spinoffs you can use to adjust your cost.

Ask a tax preparer for help. A preparer may have gathered some of the information you need from other clients who owned the same stock. But if extensive research is required, expect to be billed for it.

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