hardin ford
New member
My wife received some stock in AT&T when her previous husband passed away in the 70's.
On January 1, 1984, she received one share in each of the Bell Companies for every 10 shares she owned of AT&T. She chose to take all stock in US West (a valid choice at the time). In 1986, US West had a 2 for 1 stock split and again in 1990, another 2 for 1 split.
On June 30, 2000, Qwest merged with US West. She received 1.72932 shares of Qwest stock for every share she owned in US West. She owned at that time, 1152 shares of US West. She therefore received 2052 shares of Qwest stock.
Since its plunge, my wife sold the stock in 2010 (2052 shares at $5.32 per share).
Our question is, trying to do the Schedule D worksheet for our 2010 taxes, I can put in that she inherited the stocks in 1978 and that we sold 2052 shares for a little over 10,000 dollars in 2010. My question is, how do I show the discrepancy of the number of shares between the stock she inherited and the number sold?
Any help would be appreciated.
On January 1, 1984, she received one share in each of the Bell Companies for every 10 shares she owned of AT&T. She chose to take all stock in US West (a valid choice at the time). In 1986, US West had a 2 for 1 stock split and again in 1990, another 2 for 1 split.
On June 30, 2000, Qwest merged with US West. She received 1.72932 shares of Qwest stock for every share she owned in US West. She owned at that time, 1152 shares of US West. She therefore received 2052 shares of Qwest stock.
Since its plunge, my wife sold the stock in 2010 (2052 shares at $5.32 per share).
Our question is, trying to do the Schedule D worksheet for our 2010 taxes, I can put in that she inherited the stocks in 1978 and that we sold 2052 shares for a little over 10,000 dollars in 2010. My question is, how do I show the discrepancy of the number of shares between the stock she inherited and the number sold?
Any help would be appreciated.