TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Stock Cost Basis

Forum|Forum|2 years ago
January 30, 2024
1 reply
0 views

My Father received shares of stock about 35 years ago as a part of his retirement compensation. How do I determine the cost basis on shares sold in 2023?

Not A Product Question

It depends. If your Father actually had not cost or the value of the shares were not included in his taxable income in the year received, then he would have a zero cost basis and the full proceeds would be taxable. If your Father believes he did have a cost or had income included when they were received, then you can check with a stock broker or the internet for the value of the stock on the day he had full access and ownership of the stock.

How do I find a stock's cost basis?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"