Establish the Cost Basis of your Old Investments
Stock Search International Inc. can provide historical stock market quotes to establish the cost basis of your investments for tax purposes. Our method of valuation is in accordance with the Rules and Regulations of the Internal Revenue Code. If you lost the original purchase receipt indicating the price you paid for your shares, this service will allow you to adjust your income tax return as follows:
Declare a Loss of Capital. According to the IRS, a loss of capital can be declared in the year in which you sell an investment for less than its original purchase price. You can also take a tax deduction in the tax year your securities become completely worthless. However, if you have now learned that the securities became worthless in a prior tax year for which you have already filed an IRS tax return, you can still file a "tax refund claim" (IRS tax Form 1040X) up to seven (7) years after your investment was officially declared void.
Reduce Capital Gains. If you sell an investment which has prospered, the IRS says that the difference between the amount you received and your original cost is considered as a capital gain. Knowing your cost basis is thus essential if you want to minimize your taxes.
Estate Settlement. If you are the executor of an estate involving stock certificates, the IRS requires a value of the portfolio at the time of death. If the companies are still operating under the same name, a quote will suffice. However, if they have disappeared from the stock exchanges, research will be required first to establish their identity and status on the date in question. To access our Database of Companies no Longer Listed, click here.
Cost Basis per Share
The cost basis per share (CBS) consist of the original purchase price of your investment adjusted for stock splits, stock dividends and distributions. For complex cases such as AT&T or ITT Industries, Inc., feel free to contact us.
Research Fee: $20.00 US per quote*
* If the actual purchase price for a specific day is not available or the exact date of purchase is unknown, the High and Low average during the month of issuance can be used.
Market Quote Request
To obtain Historical Market Quotes to establish the cost basis of your investments, please complete and submit the following form: