So to summarize she actually purchased this in 1997 not 1999.

I guess it's good news bad news.

She made about 40k but will have to be capital gains taxes on the gain.

I'm glad I have a switch letter on file for compliance.

scrim

I use Yahoo finance in the history section you can pull up Adjusted cost basis. I worked for several CPA firms for many years and have done thousands of tax returns. This is what we used when push comes to shove and we have no other info to go on!

On a side note I do & can give tax advice! Another advantage of not being in wirehouse with hand cuffs on!

Good luck!

[quote=Greenbacks]

I use Yahoo finance in the history section you can pull up Adjusted cost basis. I worked for several CPA firms for many years and have done thousands of tax returns. This is what we used when push comes to shove and we have no other info to go on!

On a side note I do & can give tax advice! Another advantage of not being in wirehouse with hand cuffs on!

Good luck!

[/quote]

What is the upside of offering tax advice on the side?

I’m an accountant and the MOST I’ll do is bring an issue to someone’s attention, so they can give their accountant a heads up. It’s a funny thing…when all you do is annuity business, you don’t have to mess with 1099’s and cost basis stuff. What an easy life!